Uxin (NASDAQ:UXIN) Shares Gap Down – Should You Sell?

Uxin Limited (NASDAQ:UXINGet Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.08, but opened at $3.95. Uxin shares last traded at $4.21, with a volume of 9,948 shares.

Uxin Price Performance

The company has a market cap of $773.80 million, a P/E ratio of -0.20 and a beta of 1.29. The company has a fifty day simple moving average of $4.18 and a 200-day simple moving average of $4.53.

Hedge Funds Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. Advisors Preferred LLC bought a new position in Uxin Limited (NASDAQ:UXINFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is owned by institutional investors.

About Uxin

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Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.

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