ATRenew (RERE) Set to Announce Earnings on Wednesday

ATRenew (NYSE:RERE) will post its 09/30/2023 quarterly earnings results before the market opens on Wednesday, November 22nd. Analysts expect ATRenew to post earnings of $0.12 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ATRenew Stock Performance

RERE opened at $1.76 on Tuesday. ATRenew has a 52-week low of $1.30 and a 52-week high of $3.51. The stock has a market capitalization of $437.70 million, a PE ratio of -1.28 and a beta of -0.74. The stock’s 50 day moving average price is $1.85 and its 200-day moving average price is $2.44.

Hedge Funds Weigh In On ATRenew

Several hedge funds have recently made changes to their positions in RERE. BlackRock Inc. grew its stake in ATRenew by 37.1% in the first quarter. BlackRock Inc. now owns 685,409 shares of the company’s stock worth $2,426,000 after purchasing an additional 185,409 shares during the period. Hsbc Holdings PLC grew its stake in ATRenew by 54.7% in the first quarter. Hsbc Holdings PLC now owns 508,624 shares of the company’s stock worth $1,783,000 after purchasing an additional 179,929 shares during the period. Toroso Investments LLC purchased a new stake in ATRenew in the first quarter worth $96,000. Renaissance Technologies LLC purchased a new stake in ATRenew in the second quarter worth $85,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in ATRenew in the third quarter worth $50,000. 8.82% of the stock is owned by hedge funds and other institutional investors.

About ATRenew

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras, household products, and bags through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.