Shares of ATRenew Inc. (NYSE:RERE - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $2.80, but opened at $2.96. ATRenew shares last traded at $3.10, with a volume of 417,554 shares.
ATRenew Stock Performance
The stock has a market capitalization of $820.63 million, a price-to-earnings ratio of -67.29, a P/E/G ratio of 0.41 and a beta of 0.08. The firm's fifty day simple moving average is $2.84 and its 200 day simple moving average is $2.72.
Institutional Trading of ATRenew
A number of hedge funds and other institutional investors have recently made changes to their positions in RERE. Price T Rowe Associates Inc. MD acquired a new stake in shares of ATRenew in the fourth quarter valued at approximately $6,623,000. Invesco Ltd. raised its holdings in shares of ATRenew by 1,718.6% in the fourth quarter. Invesco Ltd. now owns 1,896,877 shares of the company's stock valued at $5,463,000 after purchasing an additional 1,792,572 shares during the last quarter. Yiheng Capital Management L.P. raised its holdings in shares of ATRenew by 107.7% in the fourth quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company's stock valued at $9,110,000 after purchasing an additional 1,639,859 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of ATRenew by 101.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,636,473 shares of the company's stock valued at $4,713,000 after buying an additional 822,998 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. grew its stake in shares of ATRenew by 31.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company's stock valued at $8,742,000 after buying an additional 724,415 shares in the last quarter. 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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