ATRenew Inc. Sponsored ADR (RERE) to Issue Dividend of $0.10 on April 24th

ATRenew Inc. Sponsored ADR (NYSE:RERE) announced a dividend on Tuesday, March 10th. Investors of record on Monday, April 6th will be given a dividend of 0.10 per share on Friday, April 24th. The ex-dividend date is Monday, April 6th.

ATRenew Stock Performance

ATRenew stock traded up $0.03 during midday trading on Thursday, hitting $5.61. 1,399,437 shares of the company’s stock were exchanged, compared to its average volume of 1,380,297. The company has a market cap of $1.37 billion, a P/E ratio of 35.03 and a beta of 0.19. The stock has a 50-day moving average price of $5.77 and a two-hundred day moving average price of $4.94. ATRenew has a 52-week low of $2.00 and a 52-week high of $6.47.

ATRenew (NYSE:RERE) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $893.92 million during the quarter, compared to analysts’ expectations of $887.75 million. ATRenew had a net margin of 1.44% and a return on equity of 8.91%. As a group, sell-side analysts expect that ATRenew will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in ATRenew in the 4th quarter valued at approximately $23,190,000. Price T Rowe Associates Inc. MD increased its holdings in shares of ATRenew by 60.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,857,684 shares of the company’s stock worth $20,447,000 after purchasing an additional 1,450,764 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of ATRenew by 41.9% in the second quarter. Acadian Asset Management LLC now owns 3,820,082 shares of the company’s stock worth $12,622,000 after purchasing an additional 1,127,933 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of ATRenew by 98.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,950,152 shares of the company’s stock valued at $13,571,000 after buying an additional 1,466,383 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of ATRenew by 109,141.5% during the third quarter. Citigroup Inc. now owns 1,126,280 shares of the company’s stock valued at $5,181,000 after purchasing an additional 1,125,249 shares during the last quarter. 19.29% of the stock is owned by hedge funds and other institutional investors.

About ATRenew

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. The company was formerly known as AiHuiShou International Co Ltd.