Uxin (NASDAQ:UXIN) Trading 8.5% Higher – Time to Buy?

Uxin Limited (NASDAQ:UXIN) shares were up 8.5% during mid-day trading on Friday . The stock traded as high as $4.70 and last traded at $4.71. Approximately 83,607 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 60,685 shares. The stock had previously closed at $4.34.

Uxin Price Performance

The stock has a market cap of $880.86 million, a price-to-earnings ratio of -0.23 and a beta of 1.34. The firm’s 50-day moving average is $4.40 and its 200 day moving average is $3.69.

Uxin (NASDAQ:UXIN) last posted its quarterly earnings results on Monday, November 25th. The company reported ($0.04) earnings per share (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 stake in Uxin Limited (NASDAQ:UXIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,748 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 22.41% of the company’s stock.

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.