Uxin (UXIN) Shares Gap Up to $3.55

Uxin Ltd (NASDAQ:UXIN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.35, but opened at $3.55. Uxin shares last traded at $3.75, with a volume of 14072492 shares trading hands.

Several brokerages have issued reports on UXIN. Goldman Sachs Group cut shares of Uxin from a “buy” rating to a “neutral” rating and upped their price target for the company from $9.10 to $9.30 in a research report on Friday, December 21st. Zacks Investment Research upgraded shares of Uxin from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Friday, November 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Uxin from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $7.40 to $7.00 in a research report on Thursday.

The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.24.

Uxin (NASDAQ:UXIN) last posted its quarterly earnings data on Monday, November 19th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). The firm had revenue of $125.55 million for the quarter. Equities research analysts anticipate that Uxin Ltd will post -0.82 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of UXIN. Virtu Financial LLC acquired a new stake in shares of Uxin during the third quarter worth $116,000. Hilltop Holdings Inc. acquired a new stake in shares of Uxin during the second quarter worth $117,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Uxin during the third quarter worth $193,000. Jane Street Group LLC acquired a new stake in shares of Uxin during the third quarter worth $247,000. Finally, Legal & General Group Plc acquired a new stake in shares of Uxin during the second quarter worth $451,000. Institutional investors own 27.96% of the company’s stock.

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About Uxin (NASDAQ:UXIN)

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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