Uxin (NASDAQ:UXIN) Stock Price Down 8.4%

Uxin Limited (NASDAQ:UXIN)’s share price fell 8.4% during mid-day trading on Monday . The stock traded as low as $1.50 and last traded at $1.52. 59,193 shares were traded during mid-day trading, an increase of 4% from the average session volume of 56,918 shares. The stock had previously closed at $1.66.

Uxin Stock Down 8.4 %

The firm has a market cap of $7.14 million, a price-to-earnings ratio of -0.09 and a beta of 0.98. The stock’s 50 day moving average is $2.09 and its 200 day moving average is $6.28.

Hedge Funds Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. Allspring Global Investments Holdings LLC purchased a new stake in Uxin Limited (NASDAQ:UXIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 616,766 shares of the company’s stock, valued at approximately $432,000. Allspring Global Investments Holdings LLC owned approximately 13.12% of Uxin as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 22.41% of the company’s stock.

About Uxin

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.