Uxin (NASDAQ:UXIN) Sees Large Volume Increase
Uxin Ltd (NASDAQ:UXIN) shares saw strong trading volume on Friday . 12,246,104 shares changed hands during trading, an increase of 129% from the previous session’s volume of 5,358,354 shares.The stock last traded at $2.69 and had previously closed at $2.34.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. ValuEngine cut Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. set a €55.00 ($63.95) price target on Lanxess and gave the stock a “buy” rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $7.50.
The firm has a market cap of $792.38 million and a price-to-earnings ratio of -0.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 1.44. The company’s fifty day moving average price is $2.19.
A number of hedge funds have recently modified their holdings of the stock. Stevens Capital Management LP acquired a new position in shares of Uxin in the first quarter worth about $67,000. Hsbc Holdings PLC bought a new position in Uxin in the 4th quarter worth approximately $68,000. Two Sigma Securities LLC bought a new position in Uxin in the 4th quarter worth approximately $69,000. Two Sigma Investments LP bought a new position in Uxin in the 4th quarter worth approximately $72,000. Finally, Blueshift Asset Management LLC bought a new position in Uxin in the 4th quarter worth approximately $87,000. 32.12% of the stock is owned by hedge funds and other institutional investors.
Uxin Company Profile (NASDAQ:UXIN)
Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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