IvyRock Asset Management HK Ltd Makes New Investment in ATRenew Inc. (NYSE:RERE)

IvyRock Asset Management HK Ltd acquired a new stake in ATRenew Inc. (NYSE:REREFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 35,000 shares of the company’s stock, valued at approximately $67,000. ATRenew accounts for about 0.0% of IvyRock Asset Management HK Ltd’s holdings, making the stock its 18th largest position.

Separately, Lansdowne Partners UK LLP acquired a new stake in ATRenew during the third quarter worth approximately $1,174,000. Hedge funds and other institutional investors own 19.29% of the company’s stock.

ATRenew Trading Up 3.3 %

NYSE RERE traded up $0.09 during trading hours on Wednesday, hitting $2.81. 2,958,197 shares of the company’s stock were exchanged, compared to its average volume of 830,023. The stock has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.60. ATRenew Inc. has a 1-year low of $1.01 and a 1-year high of $3.30.

ATRenew (NYSE:REREGet Free Report) last released its earnings results on Tuesday, March 12th. The company reported $0.03 EPS for the quarter. ATRenew had a positive return on equity of 2.61% and a negative net margin of 1.20%. The business had revenue of $545.58 million during the quarter. Research analysts expect that ATRenew Inc. will post 0.14 earnings per share for the current year.

ATRenew Company Profile

(Free Report)

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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