ValuEngine lowered shares of Uxin (NASDAQ:UXIN) from a buy rating to a hold rating in a research note issued to investors on Monday, February 4th.
A number of other brokerages have also issued reports on UXIN. Goldman Sachs Group lowered shares of Uxin from a buy rating to a neutral rating and upped their target price for the company from $9.10 to $9.30 in a research note on Friday, December 21st. Zacks Investment Research upgraded shares of Uxin from a hold rating to a buy rating and set a $5.00 target price on the stock in a research note on Friday, November 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Uxin from a neutral rating to an overweight rating and dropped their price objective for the stock from $7.40 to $7.00 in a research note on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Uxin presently has a consensus rating of Hold and a consensus price target of $7.10.
Shares of Uxin stock traded up $0.04 during trading on Monday, reaching $4.65. The company had a trading volume of 3,006,598 shares, compared to its average volume of 5,255,996. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.65 and a current ratio of 1.65. Uxin has a fifty-two week low of $2.81 and a fifty-two week high of $10.49.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new stake in Uxin during the fourth quarter worth about $68,000. Two Sigma Securities LLC purchased a new stake in shares of Uxin in the 4th quarter valued at approximately $69,000. Two Sigma Investments LP purchased a new stake in shares of Uxin in the 4th quarter valued at approximately $72,000. Virtu Financial LLC purchased a new stake in shares of Uxin in the 3rd quarter valued at approximately $116,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Uxin in the 4th quarter valued at approximately $87,000. Hedge funds and other institutional investors own 28.15% of the company’s stock.
Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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