Uxin (NASDAQ:UXIN) Shares Up 8.5% – Time to Buy?

Uxin Limited (NASDAQ:UXIN)’s stock price was up 8.5% on Friday . The company traded as high as $4.97 and last traded at $5.11. Approximately 33,477 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 66,391 shares. The stock had previously closed at $4.71.

Uxin Stock Up 6.7 %

The company has a market capitalization of $943.98 million, a price-to-earnings ratio of -0.25 and a beta of 1.34. The firm has a 50 day moving average price of $4.43 and a two-hundred day moving average price of $3.79.

Uxin (NASDAQ:UXIN) last issued its quarterly earnings results on Monday, November 25th. The company reported ($0.04) EPS for the quarter. Uxin had a negative net margin of 20.57% and a negative return on equity of 248.43%.

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC bought a new position in Uxin Limited (NASDAQ:UXIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is currently owned by institutional investors.

About Uxin

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.