ATRenew Inc. (NYSE:RERE - Get Free Report) dropped 2.5% during trading on Tuesday . The company traded as low as $2.50 and last traded at $2.47. Approximately 91,108 shares were traded during trading, a decline of 92% from the average daily volume of 1,116,289 shares. The stock had previously closed at $2.53.
ATRenew Stock Up 2.0 %
The firm's 50 day moving average price is $2.96 and its two-hundred day moving average price is $2.83. The firm has a market capitalization of $552.37 million, a PE ratio of -45.29, a P/E/G ratio of 0.41 and a beta of 0.04.
Institutional Trading of ATRenew
Large investors have recently modified their holdings of the business. JTC Employer Solutions Trustee Ltd acquired a new position in shares of ATRenew in the first quarter worth about $32,000. Prescott Group Capital Management L.L.C. increased its holdings in ATRenew by 31.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company's stock worth $8,742,000 after purchasing an additional 724,415 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of ATRenew in the 4th quarter valued at approximately $50,000. Two Sigma Investments LP boosted its stake in shares of ATRenew by 38.2% during the 4th quarter. Two Sigma Investments LP now owns 108,516 shares of the company's stock valued at $313,000 after buying an additional 30,000 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of ATRenew during the fourth quarter worth approximately $325,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.
About ATRenew
(
Get Free Report)
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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