Uxin (NASDAQ:UXIN) Shares Gap Up – Still a Buy?

Uxin Limited (NASDAQ:UXIN) gapped up prior to trading on Tuesday . The stock had previously closed at $4.16, but opened at $4.48. Uxin shares last traded at $4.19, with a volume of 45,745 shares trading hands.

Uxin Stock Performance

The business has a 50-day moving average of $4.40 and a two-hundred day moving average of $3.68.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings data on Monday, November 25th. The company reported ($0.04) earnings per share for the quarter. Uxin had a negative return on equity of 248.43% and a negative net margin of 20.57%.

Institutional Investors Weigh In On Uxin

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC bought a new stake in shares of Uxin Limited (NASDAQ:UXIN) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 5,748 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds 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.