Shares of Uxin Ltd (NASDAQ:UXIN) saw an uptick in trading volume on Friday . 12,246,104 shares traded hands during mid-day 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 brokerages have commented on UXIN. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Zacks Investment Research lowered G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Uxin presently has a consensus rating of “Buy” and a consensus target price of $7.50.
The company has a debt-to-equity ratio of 0.30, a current ratio of 1.44 and a quick ratio of 1.43. The stock’s 50-day simple moving average is $2.19.
Uxin (NASDAQ:UXIN) last announced its quarterly earnings data on Monday, June 10th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.59). The firm had revenue of $1 billion during the quarter. Uxin had a negative net margin of 26.17% and a negative return on equity of 97.42%. The business’s revenue for the quarter was up 54.6% compared to the same quarter last year. As a group, equities analysts expect that Uxin Ltd will post -0.24 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in UXIN. Hillhouse Capital Management Ltd. boosted its position in shares of Uxin by 995.3% in the 4th quarter. Hillhouse Capital Management Ltd. now owns 22,250,160 shares of the company’s stock worth $108,136,000 after purchasing an additional 20,218,735 shares during the last quarter. Myriad Asset Management Ltd. bought a new position in shares of Uxin in the 1st quarter worth $20,893,000. FMR LLC bought a new position in shares of Uxin in the 1st quarter worth $9,445,000. Baillie Gifford & Co. boosted its position in shares of Uxin by 42.3% in the 1st quarter. Baillie Gifford & Co. now owns 1,776,100 shares of the company’s stock worth $6,732,000 after purchasing an additional 527,700 shares during the last quarter. Finally, Pictet Asset Management Ltd. bought a new position in shares of Uxin in the 1st quarter worth $6,206,000. Hedge funds and other institutional investors own 32.12% of the company’s stock.
About Uxin (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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