ATRenew (NYSE:RERE) Sets New 1-Year High at $3.03

ATRenew Inc. (NYSE:RERE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.03 and last traded at $3.03, with a volume of 391039 shares. The stock had previously closed at $2.83.

ATRenew Trading Up 6.7 %

The firm has a market cap of $736.49 million, a price-to-earnings ratio of -25.25, a price-to-earnings-growth ratio of 0.58 and a beta of -0.18. The stock’s 50 day moving average is $2.47 and its 200 day moving average is $2.28.

ATRenew (NYSE:RERE) last posted its earnings results on Tuesday, August 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $519.69 million during the quarter, compared to analyst estimates of $514.00 million. ATRenew had a negative net margin of 0.99% and a positive return on equity of 4.80%. On average, equities research analysts predict that ATRenew Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On ATRenew

Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new position in ATRenew in the 2nd quarter valued at about $3,328,000. BRIGHT VALLEY CAPITAL Ltd acquired a new position in ATRenew during the second quarter valued at approximately $1,396,000. Renaissance Technologies LLC lifted its stake in ATRenew by 26.0% during the second quarter. Renaissance Technologies LLC now owns 560,853 shares of the company’s stock worth $1,329,000 after purchasing an additional 115,853 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of ATRenew by 231.8% in the 2nd quarter. Marshall Wace LLP now owns 192,036 shares of the company’s stock valued at $455,000 after purchasing an additional 134,151 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of ATRenew in the 1st quarter valued at $134,000. Institutional investors and hedge funds own 19.29% of the company’s stock.

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.