ATRenew (NYSE:RERE) Stock Price Up 6.4%

ATRenew Inc. (NYSE:RERE – Get Rating)’s stock price rose 6.4% on Tuesday . The stock traded as high as $3.17 and last traded at $3.17. Approximately 168,297 shares were traded during trading, a decline of 14% from the average daily volume of 194,652 shares. The stock had previously closed at $2.98.

ATRenew Stock Performance

The firm has a market cap of $812.57 million, a price-to-earnings ratio of -2.29 and a beta of -1.10. The company’s fifty day moving average is $2.69 and its two-hundred day moving average is $2.63.

ATRenew (NYSE:RERE – Get Rating) last posted its earnings results on Monday, March 13th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $432.23 million for the quarter. ATRenew had a negative net margin of 22.40% and a negative return on equity of 0.34%.

Hedge Funds Weigh In On ATRenew

A number of institutional investors have recently added to or reduced their stakes in RERE. Cubist Systematic Strategies LLC acquired a new position in ATRenew in the 3rd quarter worth $50,000. Jane Street Group LLC acquired a new position in ATRenew in the 4th quarter worth $51,000. Vident Investment Advisory LLC acquired a new position in ATRenew in the 4th quarter worth $55,000. Renaissance Technologies LLC acquired a new position in ATRenew in the 2nd quarter worth $85,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in ATRenew in the 4th quarter worth $87,000. Institutional investors and hedge funds 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.