ATRenew (NYSE:RERE) Trading Down 6.4% – Time to Sell?

ATRenew Inc. Sponsored ADR (NYSE:RERE)’s stock price fell 6.4% during mid-day trading on Thursday . The stock traded as low as $4.35 and last traded at $4.3790. 161,446 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,329,373 shares. The stock had previously closed at $4.68.

Analyst Upgrades and Downgrades

RERE has been the subject of several research reports. Wall Street Zen upgraded ATRenew from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATRenew in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, ATRenew has an average rating of “Hold”.

ATRenew Price Performance

The stock’s 50-day moving average is $5.55 and its 200 day moving average is $5.00. The company has a market cap of $972.25 million, a PE ratio of 22.13 and a beta of 0.29.

ATRenew (NYSE:RERE) last announced its earnings results on Saturday, February 14th. The company reported $0.12 earnings per share for the quarter. ATRenew had a return on equity of 9.87% and a net margin of 1.60%.The firm had revenue of $893.92 million for the quarter. On average, analysts expect that ATRenew Inc. Sponsored ADR will post 0.09 EPS for the current year.

ATRenew Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, April 6th. ATRenew’s payout ratio is presently 50.00%.

Institutional Trading of ATRenew

A number of institutional investors have recently bought and sold shares of RERE. Wells Fargo & Company MN acquired a new position in ATRenew during the 4th quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of ATRenew by 10,014.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,473 shares of the company’s stock valued at $34,000 after buying an additional 6,409 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of ATRenew in the 3rd quarter valued at $49,000. Hsbc Holdings PLC purchased a new position in ATRenew in the 4th quarter worth $67,000. Finally, Van ECK Associates Corp purchased a new position in ATRenew in the 3rd quarter worth $83,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.

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.