Uxin (NASDAQ:UXIN) Shares Gap Down – What’s Next?

Uxin Limited (NASDAQ:UXIN) shares gapped down prior to trading on Tuesday . The stock had previously closed at $4.40, but opened at $4.28. Uxin shares last traded at $4.40, with a volume of 606 shares changing hands.

Uxin Price Performance

The company has a fifty day moving average of $4.25 and a 200 day moving average of $4.40. The stock has a market cap of $826.39 million, a P/E ratio of -0.22 and a beta of 1.37.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $81.76 million during the quarter. Uxin had a negative return on equity of 248.43% and a negative net margin of 20.57%.

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd acquired a new position in shares of Uxin Limited (NASDAQ:UXIN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,052 shares of the company’s stock, valued at approximately $60,000. 22.41% of the stock is owned by institutional investors.

About Uxin

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.