Shares of ATRenew Inc. (NYSE:RERE – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,253,569 shares were traded during trading, an increase of 25% from the previous session’s volume of 998,954 shares.The stock last traded at $2.88 and had previously closed at $2.80.
ATRenew Stock Up 1.1 %
The business’s 50 day simple moving average is $2.55 and its 200 day simple moving average is $2.49. The stock has a market cap of $690.16 million, a price-to-earnings ratio of -56.60, a PEG ratio of 0.57 and a beta of -0.13.
Institutional Investors Weigh In On ATRenew
Hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its position in ATRenew by 30.3% during the second quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company’s stock worth $112,000 after buying an additional 11,011 shares during the last quarter. Walleye Capital LLC bought a new position in shares of ATRenew during the 3rd quarter worth approximately $32,000. Quadrature Capital Ltd increased its holdings in shares of ATRenew by 67.8% during the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after acquiring an additional 28,569 shares during the last quarter. PFG Investments LLC bought a new stake in ATRenew in the 3rd quarter valued at $95,000. Finally, WT Asset Management Ltd acquired a new stake in ATRenew during the 3rd quarter valued at $159,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.
ATRenew Company Profile
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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