Uxin (NASDAQ:UXIN) Trading Down 7.5% – What’s Next?

Uxin Limited Sponsored ADR (NASDAQ:UXIN) was down 7.5% during mid-day trading on Monday . The company traded as low as $3.61 and last traded at $3.5350. Approximately 88,037 shares changed hands during trading, a decline of 29% from the average daily volume of 123,641 shares. The stock had previously closed at $3.82.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UXIN shares. Wall Street Zen raised shares of Uxin from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Deutsche Bank Aktiengesellschaft set a $4.50 target price on Uxin and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, Weiss Ratings started coverage on Uxin in a report on Thursday, October 16th. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Uxin has an average rating of “Hold” and an average target price of $4.50.

Uxin Price Performance

The firm has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.44. The company has a market capitalization of $652.31 million, a P/E ratio of -17.35 and a beta of 1.39.

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