ATRenew Inc. (NYSE:RERE - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.17, but opened at $3.00. ATRenew shares last traded at $3.17, with a volume of 194,260 shares trading hands.
ATRenew Trading Down 1.1 %
The company has a market capitalization of $747.47 million, a price-to-earnings ratio of -61.29, a PEG ratio of 0.41 and a beta of 0.08. The company's 50 day simple moving average is $2.95 and its 200-day simple moving average is $2.79.
Institutional Trading of ATRenew
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. boosted its holdings in shares of ATRenew by 31.3% during the fourth 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 stake in ATRenew in the 4th quarter worth about $50,000. Two Sigma Investments LP grew its holdings in ATRenew by 38.2% in 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 period. Man Group plc acquired a new position in shares of ATRenew during the 4th quarter valued at about $325,000. Finally, Millennium Management LLC lifted its holdings in shares of ATRenew by 252.3% during the 4th quarter. Millennium Management LLC now owns 659,508 shares of the company's stock worth $1,899,000 after acquiring an additional 472,322 shares during the period. 19.29% of the stock is owned by hedge funds and other institutional investors.
About ATRenew
(
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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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