ATRenew Inc. Sponsored ADR to Issue Dividend of $0.10 (NYSE:RERE)

ATRenew Inc. Sponsored ADR (NYSE:RERE) announced a dividend on Tuesday, March 10th. Stockholders of record on Monday, April 6th will be given a dividend of 0.10 per share on Friday, April 24th. The ex-dividend date of this dividend is Monday, April 6th.

ATRenew Stock Performance

Shares of NYSE:RERE traded up $0.04 during mid-day trading on Thursday, hitting $5.62. 1,130,237 shares of the company traded hands, compared to its average volume of 1,370,806. The firm has a market cap of $1.37 billion, a P/E ratio of 35.10 and a beta of 0.19. ATRenew has a 52-week low of $2.00 and a 52-week high of $6.47. The firm’s 50 day simple moving average is $5.77 and its 200 day simple moving average is $4.94.

ATRenew (NYSE:RERE) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $893.92 million during the quarter, compared to analysts’ expectations of $887.75 million. ATRenew had a return on equity of 8.91% and a net margin of 1.44%. Equities research analysts expect that ATRenew will post 0.09 EPS for the current fiscal year.

Institutional Trading of ATRenew

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN acquired a new position in shares of ATRenew in the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of ATRenew by 10,014.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,473 shares of the company’s stock valued at $34,000 after purchasing an additional 6,409 shares during the period. Brevan Howard Capital Management LP purchased a new position in ATRenew in the 3rd quarter worth about $49,000. Van ECK Associates Corp purchased a new position in shares of ATRenew in the third quarter worth approximately $83,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in ATRenew during the 3rd quarter valued at $91,000. 19.29% of the stock is currently owned by institutional investors.

About ATRenew

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. The company was formerly known as AiHuiShou International Co Ltd.