ATRenew Inc. (NYSE:RERE – Get Free Report) shares were up 4.5% during mid-day trading on Wednesday . The company traded as high as $2.35 and last traded at $2.33. Approximately 1,092,379 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 990,940 shares. The stock had previously closed at $2.23.
ATRenew Trading Up 3.5 %
The firm has a fifty day moving average price of $2.44 and a 200 day moving average price of $2.07. The firm has a market cap of $577.98 million, a PE ratio of -19.75, a price-to-earnings-growth ratio of 0.56 and a beta of -0.17.
ATRenew (NYSE:RERE – Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). ATRenew had a positive return on equity of 2.74% and a negative net margin of 1.44%. The firm had revenue of $519.69 million for the quarter, compared to analysts’ expectations of $514.00 million. As a group, equities analysts predict that ATRenew Inc. will post 0.18 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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