Uxin (NASDAQ:UXIN) Shares Gap Down – Should You Sell?

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN) gapped down prior to trading on Monday . The stock had previously closed at $3.56, but opened at $3.40. Uxin shares last traded at $3.4640, with a volume of 12,298 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UXIN. Wall Street Zen upgraded shares of Uxin from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft set a $4.50 target price on shares of Uxin and gave the company a “buy” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Uxin presently has a consensus rating of “Hold” and an average price target of $4.50.

Uxin Price Performance

The business’s fifty day moving average price is $3.49 and its 200 day moving average price is $3.27. The company has a market cap of $649.51 million, a price-to-earnings ratio of -17.28 and a beta of 1.51.

Uxin (NASDAQ:UXIN) last issued its earnings results on Thursday, December 18th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $123.51 million during the quarter.

Uxin Company Profile

Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.