Uxin (NASDAQ:UXIN) Shares Gap Down – Here’s Why

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN) gapped down before the market opened on Monday . The stock had previously closed at $2.84, but opened at $2.72. Uxin shares last traded at $2.6720, with a volume of 32,566 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Uxin in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.50.

Uxin Price Performance

The firm has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.19. The stock has a market capitalization of $483.12 million, a price-to-earnings ratio of -13.53 and a beta of 0.89.

About Uxin

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.