Uxin (NASDAQ:UXIN) Trading 8.5% Higher – Should You Buy?

Uxin Limited (NASDAQ:UXIN) traded up 8.5% on Friday . The company traded as high as $4.97 and last traded at $5.11. 33,477 shares were traded during trading, a decline of 50% from the average session volume of 66,391 shares. The stock had previously closed at $4.71.

Uxin Stock Performance

The stock has a 50 day simple moving average of $4.44 and a two-hundred day simple moving average of $3.83.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings results on Monday, November 25th. The company reported ($0.04) earnings per share for the quarter. Uxin had a negative net margin of 20.57% and a negative return on equity of 248.43%.

Institutional Trading of Uxin

An institutional investor recently bought a new position in Uxin stock. Advisors Preferred LLC acquired a new position in Uxin Limited (NASDAQ:UXIN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is owned by institutional investors and hedge funds.

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.