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

Uxin logo with Computer and Technology background
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Uxin Limited (NASDAQ:UXIN - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $4.04, but opened at $4.23. Uxin shares last traded at $4.15, with a volume of 204 shares changing hands.

Uxin Stock Up 7.7 %

The stock has a market capitalization of $790.71 million, a price-to-earnings ratio of -0.21 and a beta of 1.20. The firm has a 50-day moving average of $4.47 and a two-hundred day moving average of $4.16.

Institutional Trading of Uxin

An institutional investor recently bought a new position in Uxin stock. Advisors Preferred LLC bought a new position in Uxin Limited (NASDAQ:UXIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

About Uxin

(Get Free Report)

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.

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