Uxin (NASDAQ:UXIN) Trading Up 4.3% – Here’s What Happened

Uxin Limited Sponsored ADR (NASDAQ:UXIN)’s stock price traded up 4.3% during trading on Friday . The company traded as high as $1.21 and last traded at $1.20. Approximately 99,380 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 320,981 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UXIN shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Uxin in a report on Wednesday, July 8th. Wall Street Zen lowered Uxin from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.50.

Uxin Stock Up 4.3%

The business has a 50-day moving average price of $1.51 and a two-hundred day moving average price of $2.47. The company has a market capitalization of $259.73 million, a price-to-earnings ratio of -5.71 and a beta of 0.86.

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.