Uxin (NASDAQ:UXIN) Shares Gap Up – Here’s Why

Uxin Limited Sponsored ADR (NASDAQ:UXIN) gapped up prior to trading on Tuesday . The stock had previously closed at $3.96, but opened at $4.14. Uxin shares last traded at $3.6080, with a volume of 131,994 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UXIN shares. Weiss Ratings initiated coverage on Uxin in a research report on Thursday, October 16th. They issued a “sell (e+)” rating for the company. Wall Street Zen raised Uxin from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft set a $4.50 price target on shares of Uxin and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.50.

Uxin Stock Down 8.8%

The stock has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $3.45. The company has a market capitalization of $678.64 million, a P/E ratio of -18.08 and a beta of 1.39.

Uxin (NASDAQ:UXIN) last announced its earnings results on Thursday, December 18th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $123.51 million for the quarter.

Uxin Company Profile

Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.