Uxin (NASDAQ:UXIN) Shares Down 8.4%

Uxin Limited (NASDAQ:UXIN) dropped 8.4% during trading on Monday . The company traded as low as $1.50 and last traded at $1.52. Approximately 59,193 shares traded hands during trading, an increase of 4% from the average daily volume of 56,918 shares. The stock had previously closed at $1.66.

Uxin Stock Up 16.3 %

The firm has a market capitalization of $9.07 million, a PE ratio of -0.11 and a beta of 0.98. The firm’s 50 day moving average price is $2.08 and its two-hundred day moving average price is $6.18.

Institutional Trading of Uxin

An institutional investor recently bought a new position in Uxin stock. Allspring Global Investments Holdings LLC bought a new stake in Uxin Limited (NASDAQ:UXIN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 616,766 shares of the company’s stock, valued at approximately $432,000. Allspring Global Investments Holdings LLC owned approximately 13.12% of Uxin as of its most recent filing with the SEC. 22.41% of the stock is currently owned by hedge funds and other 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.