Uxin (UXIN) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Uxin (NASDAQ:UXIN) from a hold rating to a sell rating in a research report released on Saturday morning, Zacks.com reports.

According to Zacks, “Uxin Limited provides internet based services. The Company offers car e-commerce platform which enables to consumers and dealers to buy and sell new and used cars. Uxin Limited is based in Beijing, China. “

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. upgraded Uxin from a neutral rating to an overweight rating and cut their price objective for the company from $7.40 to $7.00 in a report on Thursday, January 10th. ValuEngine lowered Uxin from a buy rating to a hold rating in a report on Monday, February 4th. Goldman Sachs Group lowered Uxin from a buy rating to a neutral rating and upped their price objective for the company from $9.10 to $9.30 in a report on Friday, December 21st. Finally, Credit Suisse Group started coverage on Uxin in a report on Tuesday, March 12th. They issued an outperform rating and a $7.70 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $7.50.

Shares of Uxin stock opened at $1.95 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $891.79 million and a PE ratio of -0.57. Uxin has a fifty-two week low of $1.41 and a fifty-two week high of $10.49.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.06). The firm had revenue of $165.62 million during the quarter. Equities analysts anticipate that Uxin will post -0.28 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of Uxin during the fourth quarter worth $68,000. Two Sigma Securities LLC acquired a new stake in shares of Uxin during the fourth quarter worth $69,000. Two Sigma Investments LP acquired a new stake in shares of Uxin during the fourth quarter worth $72,000. Virtu Financial LLC acquired a new stake in shares of Uxin during the third quarter worth $116,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Uxin during the fourth quarter worth $87,000. 39.53% of the stock is currently owned by institutional investors.

Uxin Company Profile

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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