ATRenew (NYSE:RERE) Stock Price Down 0.9%

ATRenew Inc. (NYSE:REREGet Free Report) dropped 0.9% on Friday . The stock traded as low as $1.06 and last traded at $1.09. Approximately 103,709 shares changed hands during trading, a decline of 50% from the average daily volume of 209,136 shares. The stock had previously closed at $1.10.

ATRenew Trading Down 0.9 %

The stock has a 50-day moving average of $1.48 and a 200 day moving average of $1.87.

ATRenew (NYSE:REREGet Free Report) last posted its quarterly earnings data on Wednesday, November 22nd. The company reported $0.01 earnings per share (EPS) for the quarter. ATRenew had a positive return on equity of 0.05% and a negative net margin of 19.59%. The firm had revenue of $446.38 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Schroder Investment Management Group lifted its stake in shares of ATRenew by 53.8% in the 3rd quarter. Schroder Investment Management Group now owns 1,016,385 shares of the company’s stock valued at $2,317,000 after purchasing an additional 355,327 shares during the period. BlackRock Inc. lifted its stake in shares of ATRenew by 37.1% in the 1st quarter. BlackRock Inc. now owns 685,409 shares of the company’s stock valued at $2,426,000 after purchasing an additional 185,409 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of ATRenew by 32.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 557,798 shares of the company’s stock valued at $1,629,000 after purchasing an additional 137,066 shares during the period. Lansdowne Partners UK LLP acquired a new position in shares of ATRenew in the 3rd quarter valued at $1,174,000. Finally, Hsbc Holdings PLC lifted its stake in shares of ATRenew by 54.7% in 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. Institutional investors and hedge funds own 8.82% of the company’s stock.

ATRenew Company Profile

(Get Free Report)

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.

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