ATRenew (NYSE:RERE) Stock Price Up 9.4%

ATRenew Inc. (NYSE:RERE) was up 9.4% during trading on Tuesday . The company traded as high as $2.57 and last traded at $2.56. Approximately 2,174,546 shares changed hands during mid-day trading, an increase of 219% from the average daily volume of 681,111 shares. The stock had previously closed at $2.34.

ATRenew Stock Performance

The stock has a fifty day simple moving average of $1.64 and a two-hundred day simple moving average of $1.55. The stock has a market cap of $626.70 million, a price-to-earnings ratio of -23.90 and a beta of -0.25.

ATRenew (NYSE:RERE) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $545.58 million for the quarter. ATRenew had a negative net margin of 1.20% and a positive return on equity of 2.61%. Equities analysts expect that ATRenew Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of ATRenew

An institutional investor recently bought a new position in ATRenew stock. IvyRock Asset Management HK Ltd acquired a new position in ATRenew Inc. (NYSE:RERE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,000 shares of the company’s stock, valued at approximately $67,000. ATRenew makes up approximately 0.0% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 18th largest position. Institutional investors own 19.29% of the company’s stock.

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.