ATRenew (RERE) to Release Earnings on Tuesday

ATRenew (NYSE:RERE – Get Rating) will release its earnings data before the market opens on Tuesday, May 23rd. Persons interested in participating in the company’s earnings conference call can do so using this link.

ATRenew Stock Performance

NYSE:RERE opened at $2.98 on Tuesday. The firm has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.57. ATRenew has a 52 week low of $1.52 and a 52 week high of $3.55. The firm has a market cap of $749.69 million, a price-to-earnings ratio of -2.00 and a beta of -1.10.

Institutional Investors Weigh In On ATRenew

Several hedge funds have recently bought and sold shares of the business. State Street Corp purchased a new stake in ATRenew during the third quarter valued at approximately $607,000. Norges Bank purchased a new position in ATRenew in the 4th quarter worth about $561,000. BlackRock Inc. increased its stake in ATRenew by 37.1% in the 1st quarter. BlackRock Inc. now owns 685,409 shares of the company’s stock worth $2,426,000 after buying an additional 185,409 shares during the period. Hsbc Holdings PLC increased its position in ATRenew by 54.7% during the 1st quarter. Hsbc Holdings PLC now owns 508,624 shares of the company’s stock valued at $1,783,000 after purchasing an additional 179,929 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of ATRenew by 1,017.7% in the 4th quarter. Renaissance Technologies LLC now owns 195,600 shares of the company’s stock worth $565,000 after buying an additional 178,100 shares during the last quarter. Institutional investors own 6.83% of the company’s stock.

About ATRenew

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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, household products, and bags through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.