ATRenew (NYSE:RERE) Sees Large Volume Increase

ATRenew Inc. (NYSE:RERE) saw unusually-strong trading volume on Monday . Approximately 761,534 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 655,308 shares.The stock last traded at $2.31 and had previously closed at $2.26.

ATRenew Price Performance

The company has a market capitalization of $609.29 million, a PE ratio of -25.20 and a beta of -0.25. The firm’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $1.55.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ATRenew stock. Lansdowne Partners UK LLP purchased a new position in shares of ATRenew Inc. (NYSE:RERE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 515,046 shares of the company’s stock, valued at approximately $1,174,000. ATRenew comprises about 0.1% of Lansdowne Partners UK LLP’s investment portfolio, making the stock its 25th largest position. Lansdowne Partners UK LLP owned 0.21% of ATRenew as of its most recent filing with the Securities and Exchange Commission. 19.29% of the stock is currently owned by hedge funds and other institutional investors.

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.