ATRenew Inc. (NYSE:RERE - Get Free Report) shares fell 4.6% during mid-day trading on Monday . The company traded as low as $2.49 and last traded at $2.49. 228,431 shares traded hands during trading, a decline of 78% from the average session volume of 1,034,014 shares. The stock had previously closed at $2.61.
ATRenew Trading Down 3.8 %
The company has a 50-day simple moving average of $2.52 and a 200 day simple moving average of $2.37. The company has a market cap of $612.12 million, a P/E ratio of -20.92, a P/E/G ratio of 0.62 and a beta of -0.16.
ATRenew (NYSE:RERE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). ATRenew had a negative net margin of 0.99% and a positive return on equity of 4.80%. The company had revenue of $519.69 million for the quarter, compared to the consensus estimate of $514.00 million. On average, equities analysts forecast that ATRenew Inc. will post 0.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in RERE. Cubist Systematic Strategies LLC boosted its stake in shares of ATRenew by 30.3% during the second quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock valued at $112,000 after purchasing an additional 11,011 shares in the last quarter. Virtu Financial LLC bought a new position in shares of ATRenew in the 1st quarter worth $134,000. Marshall Wace LLP lifted its position in ATRenew by 231.8% during the second quarter. Marshall Wace LLP now owns 192,036 shares of the company's stock valued at $455,000 after acquiring an additional 134,151 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ATRenew by 26.0% during the 2nd quarter. Renaissance Technologies LLC now owns 560,853 shares of the company's stock valued at $1,329,000 after purchasing an additional 115,853 shares during the last quarter. Finally, BRIGHT VALLEY CAPITAL Ltd purchased a new stake in ATRenew in the second quarter valued at about $1,396,000. Hedge funds and other institutional investors own 19.29% of the company's stock.
ATRenew Company Profile
(
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.
Featured Articles
Before you consider ATRenew, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATRenew wasn't on the list.
While ATRenew currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
