Uxin (NASDAQ:UXIN) Shares Gap Down - Here's Why

Uxin Limited (NASDAQ:UXIN - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.08, but opened at $3.95. Uxin shares last traded at $4.21, with a volume of 9,948 shares trading hands.

Uxin Stock Up 5.9 %

The company has a 50 day simple moving average of $4.16 and a 200-day simple moving average of $4.50. The stock has a market cap of $811.37 million, a price-to-earnings ratio of -0.21 and a beta of 1.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC bought a new stake in Uxin Limited (NASDAQ:UXIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,748 shares of the company's stock, valued at approximately $27,000. Institutional investors and hedge funds own 22.41% of the company's stock.

Uxin Company Profile

Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.