Shares of Bitauto Hldg Ltd (NYSE:BITA) were down 6.4% on Thursday . The company traded as low as $15.99 and last traded at $16.06. Approximately 1,545,862 shares traded hands during trading, an increase of 91% from the average daily volume of 809,092 shares. The stock had previously closed at $17.16.

A number of equities analysts recently issued reports on BITA shares. Zacks Investment Research downgraded Bitauto from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $19.00 price target on shares of Bitauto in a report on Thursday, November 29th. Finally, ValuEngine downgraded Bitauto from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Bitauto currently has an average rating of “Hold” and an average target price of $25.20.

The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.17 billion, a PE ratio of 11.04 and a beta of 1.19.

Bitauto (NYSE:BITA) last posted its quarterly earnings data on Tuesday, March 19th. The information services provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $453.70 million during the quarter, compared to the consensus estimate of $425.94 million. Bitauto had a negative return on equity of 0.42% and a negative net margin of 5.67%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, research analysts predict that Bitauto Hldg Ltd will post 1.75 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Westpac Banking Corp acquired a new stake in shares of Bitauto in the fourth quarter valued at approximately $1,517,000. SG Americas Securities LLC acquired a new stake in shares of Bitauto in the fourth quarter valued at approximately $799,000. Hsbc Holdings PLC boosted its holdings in shares of Bitauto by 10.5% in the third quarter. Hsbc Holdings PLC now owns 165,492 shares of the information services provider’s stock valued at $3,806,000 after acquiring an additional 15,688 shares during the period. Morgan Stanley boosted its holdings in shares of Bitauto by 88.5% in the third quarter. Morgan Stanley now owns 104,185 shares of the information services provider’s stock valued at $2,396,000 after acquiring an additional 48,905 shares during the period. Finally, Exane Derivatives boosted its holdings in shares of Bitauto by 71.0% in the fourth quarter. Exane Derivatives now owns 10,841 shares of the information services provider’s stock valued at $268,000 after acquiring an additional 4,500 shares during the period. 36.19% of the stock is owned by institutional investors and hedge funds.

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About Bitauto (NYSE:BITA)

Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.

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