Uxin (NASDAQ:UXIN) Shares Gap Down – Here’s Why

Shares of Uxin Limited (NASDAQ:UXINGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $4.28, but opened at $4.08. Uxin shares last traded at $4.08, with a volume of 3,661 shares traded.

Uxin Stock Performance

The firm has a fifty day simple moving average of $4.70 and a 200 day simple moving average of $3.10. The company has a market capitalization of $709.94 million, a PE ratio of -0.19 and a beta of 1.37.

Uxin (NASDAQ:UXINGet Free Report) last issued its quarterly earnings results on Monday, September 23rd. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $55.21 million during the quarter. Uxin had a negative return on equity of 248.43% and a negative net margin of 20.57%.

About Uxin

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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.

Further Reading

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