Uxin (NASDAQ:UXIN) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.
Separately, Zacks Investment Research raised shares of Uxin from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th.
Shares of Uxin stock opened at $1.74 on Friday. Uxin has a 12-month low of $1.21 and a 12-month high of $4.25. The company has a market cap of $446.20 million, a price-to-earnings ratio of -2.90 and a beta of -1.02. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $1.83 and its 200-day moving average price is $2.46.
A number of institutional investors and hedge funds have recently made changes to their positions in UXIN. FMR LLC purchased a new stake in Uxin in the first quarter valued at approximately $9,445,000. Krane Funds Advisors LLC raised its stake in Uxin by 71.1% in the fourth quarter. Krane Funds Advisors LLC now owns 2,835,373 shares of the company’s stock valued at $6,408,000 after purchasing an additional 1,178,280 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in Uxin by 197.0% in the third quarter. Pictet Asset Management Ltd. now owns 792,586 shares of the company’s stock valued at $1,942,000 after purchasing an additional 525,741 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in Uxin in the fourth quarter valued at approximately $408,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Uxin by 183.1% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 191,892 shares of the company’s stock valued at $434,000 after purchasing an additional 124,114 shares in the last quarter. 25.12% of the stock is currently owned by institutional investors and hedge funds.
Uxin Company Profile
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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