Uxin (NASDAQ:UXIN) Shares Down 6.6% – Time to Sell?

Uxin Limited Sponsored ADR (NASDAQ:UXIN) shares traded down 6.6% during trading on Friday . The company traded as low as $2.85 and last traded at $2.84. 29,977 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 110,652 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings started coverage on Uxin in a research report on Thursday, October 16th. They set a “sell (e+)” rating on the stock. Wall Street Zen lowered Uxin from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Uxin Stock Performance

The company has a market cap of $535.02 million, a PE ratio of -13.57 and a beta of 1.39. The business’s 50-day moving average is $2.95 and its 200 day moving average is $3.57.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings data on Monday, September 29th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $91.88 million during the quarter.

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd acquired a new stake in shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,052 shares of the company’s stock, valued at approximately $60,000. Hedge funds and other institutional investors own 22.41% of the company’s stock.

Uxin Company Profile

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.