Uxin Ltd (NASDAQ:UXIN) shares saw unusually-high trading volume on Thursday . Approximately 16,334,882 shares were traded during mid-day trading, an increase of 1,373% from the previous session’s volume of 1,109,286 shares.The stock last traded at $3.76 and had previously closed at $2.86.

UXIN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Uxin from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Friday, November 23rd. Goldman Sachs Group started coverage on shares of Uxin in a research report on Thursday, August 16th. They issued a “buy” rating and a $9.70 price objective for the company.

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.65 and a current ratio of 1.65.

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in Uxin during the third quarter worth approximately $116,000. Hilltop Holdings Inc. acquired a new position in Uxin during the second quarter worth approximately $117,000. Oppenheimer & Co. Inc. acquired a new position in Uxin during the third quarter worth approximately $193,000. Jane Street Group LLC acquired a new position in Uxin during the third quarter worth approximately $247,000. Finally, Legal & General Group Plc acquired a new position in Uxin during the second quarter worth approximately $451,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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About Uxin (NASDAQ:UXIN)

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.

See Also: Depreciation

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