ATRenew Inc. (NYSE:RERE - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $2.98, but opened at $3.18. ATRenew shares last traded at $3.03, with a volume of 210,516 shares traded.
ATRenew Price Performance
The stock's 50-day moving average price is $2.82 and its 200-day moving average price is $2.69. The company has a market cap of $713.32 million, a P/E ratio of -58.49, a PEG ratio of 0.42 and a beta of 0.10.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in RERE. Price T Rowe Associates Inc. MD bought a new stake in shares of ATRenew during the 4th quarter valued at $6,623,000. Invesco Ltd. raised its position in ATRenew by 1,718.6% during 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 in the last quarter. Yiheng Capital Management L.P. increased its stake in shares of ATRenew by 107.7% in the 4th 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 lifted its position in shares of ATRenew by 101.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,636,473 shares of the company's stock worth $4,713,000 after buying an additional 822,998 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its stake in 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 acquiring an additional 724,415 shares in the last quarter. 19.29% of the stock is owned by institutional investors.
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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