ATRenew Inc. (NYSE:RERE - Get Free Report)'s stock price gapped down before the market opened 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 traded.
ATRenew Stock Down 1.6 %
The stock's 50 day moving average price is $2.97 and its 200-day moving average price is $2.80. The stock has a market capitalization of $734.05 million, a PE ratio of -60.19, a price-to-earnings-growth ratio of 0.41 and a beta of 0.08.
Hedge Funds Weigh In On ATRenew
Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new position in ATRenew in the fourth quarter worth approximately $29,000. Walleye Capital LLC bought a new position in shares of ATRenew during the 3rd quarter worth $32,000. QRG Capital Management Inc. bought a new position in shares of ATRenew during the 4th quarter worth $48,000. Squarepoint Ops LLC bought a new stake in shares of ATRenew in the fourth quarter valued at about $50,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of ATRenew in the fourth quarter valued at about $82,000. 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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