ATRenew (NYSE:RERE) Sees Large Volume Increase

Shares of ATRenew Inc. (NYSE:RERE) saw an uptick in trading volume on Monday . 761,534 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 655,308 shares.The stock last traded at $2.31 and had previously closed at $2.26.

ATRenew Stock Performance

The stock has a market cap of $581.94 million, a price-to-earnings ratio of -23.40 and a beta of -0.25. The company has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.54.

ATRenew (NYSE:RERE) last issued its earnings results on Tuesday, March 12th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $545.58 million for the quarter. ATRenew had a negative net margin of 1.20% and a positive return on equity of 2.61%. As a group, sell-side analysts predict that ATRenew Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ATRenew stock. Lansdowne Partners UK LLP bought a new stake in ATRenew Inc. (NYSE:RERE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 515,046 shares of the company’s stock, valued at approximately $1,174,000. ATRenew accounts for 0.1% of Lansdowne Partners UK LLP’s portfolio, making the stock its 25th biggest position. Lansdowne Partners UK LLP owned 0.21% of ATRenew as of its most recent SEC filing. 19.29% of the stock is owned by institutional investors.

About ATRenew

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; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.