Uxin (NASDAQ:UXIN) Shares Down 6.7% – Here’s Why

Uxin Limited (NASDAQ:UXIN) dropped 6.7% during mid-day trading on Friday . The stock traded as low as $4.42 and last traded at $4.39. Approximately 24,684 shares changed hands during trading, a decline of 58% from the average daily volume of 58,300 shares. The stock had previously closed at $4.70.

Uxin Price Performance

The stock’s fifty day moving average price is $4.46 and its 200-day moving average price is $3.60. The firm has a market cap of $804.06 million, a price-to-earnings ratio of -0.21 and a beta of 1.34.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Uxin stock. Advisors Preferred LLC acquired a new position in Uxin Limited (NASDAQ:UXIN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is 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.