ATRenew (NYSE:RERE) Stock Price Down 4.6%

ATRenew Inc. (NYSE:REREGet Free Report)’s stock price dropped 4.6% during trading on Tuesday . The company traded as low as $2.07 and last traded at $2.09. Approximately 3,122,397 shares changed hands during trading, an increase of 219% from the average daily volume of 980,334 shares. The stock had previously closed at $2.19.

ATRenew Trading Down 1.8 %

The stock has a market capitalization of $524.32 million, a price-to-earnings ratio of -17.83, a PEG ratio of 0.44 and a beta of -0.19. The stock has a 50-day moving average price of $2.24 and a 200 day moving average price of $1.73.

ATRenew (NYSE:REREGet Free Report) last posted its earnings results on Monday, May 20th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). ATRenew had a negative net margin of 1.44% and a positive return on equity of 2.74%. The business had revenue of $505.68 million for the quarter, compared to analyst estimates of $493.00 million. Equities research analysts anticipate that ATRenew Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IvyRock Asset Management HK Ltd purchased a new position in ATRenew in the 4th quarter valued at about $67,000. Virtu Financial LLC purchased a new position in ATRenew in the 1st quarter valued at about $134,000. Finally, Lansdowne Partners UK LLP purchased a new position in ATRenew in the 3rd quarter valued at about $1,174,000. 19.29% of the stock is owned by hedge funds and other institutional investors.

ATRenew Company Profile

(Get Free Report)

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.

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