ATRenew (NYSE:RERE) Shares Gap Down to $2.50

ATRenew Inc. (NYSE:RERE) shares gapped down before the market opened on Thursday . The stock had previously closed at $2.50, but opened at $2.40. ATRenew shares last traded at $2.42, with a volume of 1,099,120 shares traded.

ATRenew Price Performance

The stock has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $1.65.

ATRenew (NYSE:RERE) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.03 EPS for the quarter. ATRenew had a negative net margin of 1.44% and a positive return on equity of 2.74%. The company had revenue of $545.58 million for the quarter. As a group, equities research analysts expect that ATRenew Inc. will post 0.18 EPS for the current year.

Hedge Funds Weigh In On ATRenew

Institutional investors have recently bought and sold shares of the company. Lansdowne Partners UK LLP purchased a new stake in shares of ATRenew in the third quarter valued at about $1,174,000. IvyRock Asset Management HK Ltd acquired a new stake in shares of ATRenew in the fourth quarter valued at about $67,000. Finally, Virtu Financial LLC purchased a new stake in ATRenew during the first quarter worth about $134,000. 19.29% of the stock is 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.