Uxin (UXIN) Sees Strong Trading Volume

Uxin Ltd (NASDAQ:UXIN) shares saw unusually-high trading volume on Wednesday . Approximately 10,249,723 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 5,311,431 shares.The stock last traded at $3.79 and had previously closed at $3.29.

UXIN has been the subject of several analyst reports. Zacks Investment Research upgraded Uxin from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Friday, November 23rd. ValuEngine lowered Uxin from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Goldman Sachs Group lowered Uxin from a “buy” rating to a “neutral” rating and upped their target price for the company from $9.10 to $9.30 in a research note on Friday, December 21st. Finally, JPMorgan Chase & Co. upgraded Uxin from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $7.40 to $7.00 in a research note on Thursday, January 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.10.

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 results on Monday, November 19th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.06). The business had revenue of $125.55 million during the quarter. As a group, analysts forecast that Uxin Ltd will post -1 EPS for the current year.

A number of hedge funds have recently bought and sold shares of UXIN. BlackRock Inc. purchased a new stake in Uxin during the second quarter valued at about $23,504,000. Point72 Asset Management L.P. purchased a new stake in Uxin during the third quarter valued at about $3,130,000. Penserra Capital Management LLC purchased a new stake in Uxin during the fourth quarter valued at about $2,071,000. Baillie Gifford & Co. purchased a new stake in Uxin during the third quarter valued at about $1,687,000. Finally, FMR LLC grew its position in Uxin by 5.4% during the third quarter. FMR LLC now owns 2,488,807 shares of the company’s stock valued at $16,899,000 after acquiring an additional 128,187 shares during the period. 27.96% of the stock is owned by hedge funds and other institutional investors.

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Uxin Company Profile (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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