Separately, Zacks Investment Research raised Uxin from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Friday, July 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $6.94.
Uxin stock traded up $0.09 during mid-day trading on Thursday, hitting $2.21. The company’s stock had a trading volume of 749,592 shares, compared to its average volume of 1,945,332. The company has a 50 day simple moving average of $2.26. The company has a market capitalization of $643.27 million, a PE ratio of -0.65 and a beta of -1.79. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. Uxin has a one year low of $1.41 and a one year high of $9.87.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Myriad Asset Management Ltd. purchased a new stake in shares of Uxin during the 1st quarter worth $20,893,000. FMR LLC purchased a new stake in shares of Uxin during the 1st quarter worth $9,445,000. Baillie Gifford & Co. lifted its stake in shares of Uxin by 42.3% during 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. Pictet Asset Management Ltd. purchased a new stake in shares of Uxin during the 1st quarter worth $6,206,000. Finally, Greenwoods Asset Management Ltd purchased a new stake in shares of Uxin during the 1st quarter worth $2,752,000. Hedge funds and other institutional investors own 32.12% of the company’s stock.
Uxin Company Profile
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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