Uxin Ltd (NASDAQ:UXIN) saw strong trading volume on Thursday . 16,334,882 shares were traded during mid-day trading, an increase of 1,373% from the previous session’s volume of 1,109,286 shares.The stock last traded at $3.76 and had previously closed at $2.86.

Several research analysts have recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Uxin in a research note on Thursday, August 16th. They issued a “buy” rating and a $9.70 target price for the company. Zacks Investment Research upgraded shares of Uxin from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Friday, November 23rd.

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.24.

Several hedge funds have recently made changes to their positions in UXIN. Virtu Financial LLC purchased a new position in shares of Uxin in the third quarter valued at $116,000. Hilltop Holdings Inc. purchased a new position in shares of Uxin in the second quarter valued at $117,000. Oppenheimer & Co. Inc. purchased a new position in shares of Uxin in the third quarter valued at $193,000. Jane Street Group LLC purchased a new position in shares of Uxin in the third quarter valued at $247,000. Finally, Legal & General Group Plc purchased a new position in shares of Uxin in the second quarter valued at $451,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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Uxin Company Profile (NASDAQ:UXIN)

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

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