ATRenew (NYSE:RERE) Stock Price Up 1.2%

ATRenew Inc. (NYSE:REREGet Rating)’s share price rose 1.2% during mid-day trading on Friday . The company traded as high as $2.63 and last traded at $2.63. Approximately 629 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 309,262 shares. The stock had previously closed at $2.60.

ATRenew Price Performance

The business’s 50 day moving average is $2.80 and its 200-day moving average is $2.94.

ATRenew (NYSE:REREGet Rating) last released its quarterly earnings results on Wednesday, August 24th. The company reported ($0.03) earnings per share (EPS) for the quarter. ATRenew had a negative net margin of 5.81% and a negative return on equity of 4.43%. The company had revenue of $320.35 million during the quarter.

Institutional Investors Weigh In On ATRenew

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in ATRenew during the 2nd quarter worth $85,000. Toroso Investments LLC acquired a new stake in ATRenew during the 1st quarter worth $96,000. Virtu Financial LLC acquired a new stake in ATRenew during the 2nd quarter worth $155,000. Prescott Group Capital Management L.L.C. boosted its stake in ATRenew by 111.5% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 114,000 shares of the company’s stock worth $404,000 after purchasing an additional 60,100 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in ATRenew by 54.7% during the 1st 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 last quarter. Institutional investors and hedge funds own 9.46% of the company’s stock.

ATRenew Company Profile

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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.

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