Uxin (NASDAQ:UXIN) Trading Down 8.3% – Time to Sell?

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN) traded down 8.3% on Thursday . The stock traded as low as $2.60 and last traded at $2.7590. 88,627 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 111,159 shares. The stock had previously closed at $3.01.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UXIN. Wall Street Zen downgraded Uxin from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Weiss Ratings initiated coverage on shares of Uxin in a research report on Thursday, October 16th. They set a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Uxin Stock Performance

The firm has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $3.52. The company has a market cap of $521.67 million, a P/E ratio of -13.21 and a beta of 1.39.

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

Institutional Inflows and Outflows

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