ATRenew Inc. (NYSE:RERE - Get Free Report) shares saw strong trading volume on Friday . 1,253,569 shares traded hands during mid-day trading, an increase of 25% from the previous session's volume of 998,954 shares.The stock last traded at $2.88 and had previously closed at $2.80.
ATRenew Stock Performance
The company has a market cap of $690.15 million, a P/E ratio of -56.59, a P/E/G ratio of 0.57 and a beta of -0.13. The business's 50-day moving average price is $2.55 and its 200 day moving average price is $2.49.
ATRenew (NYSE:RERE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). ATRenew had a positive return on equity of 6.87% and a negative net margin of 0.53%. The business had revenue of $519.69 million for the quarter, compared to the consensus estimate of $514.00 million. Equities research analysts forecast that ATRenew Inc. will post 0.18 earnings per share for the current year.
Institutional Investors Weigh In On ATRenew
A number of large investors have recently added to or reduced their stakes in RERE. Walleye Capital LLC acquired a new position in ATRenew in the 3rd quarter valued at about $32,000. PFG Investments LLC acquired a new position in shares of ATRenew in the third quarter valued at approximately $95,000. Cubist Systematic Strategies LLC increased its stake in shares of ATRenew by 30.3% during the second quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock worth $112,000 after purchasing an additional 11,011 shares during the period. Virtu Financial LLC bought a new position in shares of ATRenew during the first quarter worth approximately $134,000. Finally, WT Asset Management Ltd acquired a new stake in ATRenew during the 3rd quarter worth approximately $159,000. Institutional investors own 19.29% of the company's stock.
ATRenew Company Profile
(
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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.
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