Uxin (NASDAQ:UXIN) CEO Acquires $10,634.40 in Stock

Uxin Limited Sponsored ADR (NASDAQ:UXIN) CEO Kun Dai acquired 8,440 shares of Uxin stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average cost of $1.26 per share, with a total value of $10,634.40. Following the purchase, the chief executive officer owned 8,440 shares in the company, valued at $10,634.40. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Uxin Stock Up 9.3%

UXIN stock traded up $0.12 during midday trading on Wednesday, hitting $1.34. 370,180 shares of the company traded hands, compared to its average volume of 304,119. Uxin Limited Sponsored ADR has a twelve month low of $0.90 and a twelve month high of $4.18. The stock has a market capitalization of $291.12 million, a price-to-earnings ratio of -4.80 and a beta of 0.84. The business has a 50 day simple moving average of $1.22 and a 200-day simple moving average of $2.04.

Uxin (NASDAQ:UXIN) last posted its quarterly earnings data on Thursday, September 24th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $169.44 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Uxin in a research note on Wednesday, July 8th. Wall Street Zen cut shares of Uxin from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.50.

Uxin Company Profile

Uxin Limited (NASDAQ: UXIN) is a China-based used automobile retailer and e-commerce company. The company operates an online platform that connects consumers with used vehicles and supports the purchase and sale of cars through digital tools and related transaction services.

Uxin’s business activities have included vehicle sourcing, inspection and reconditioning, pricing information, online listings, sales assistance, and vehicle delivery. The company has also offered services designed to support used-car transactions, such as financing and other automotive-related solutions, subject to applicable regulations and market conditions.

Founded in 2015, Uxin initially developed as an online used-car marketplace before expanding toward an integrated retail model.