ATRenew (NYSE:RERE) Reaches New 52-Week High – Should You Buy?

ATRenew Inc. (NYSE:RERE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.28 and last traded at $3.24, with a volume of 765192 shares traded. The stock had previously closed at $3.12.

ATRenew Stock Up 10.3 %

The company has a market capitalization of $838.92 million, a price-to-earnings ratio of -68.80, a price-to-earnings-growth ratio of 0.56 and a beta of -0.13. The business has a 50-day moving average price of $2.59 and a 200-day moving average price of $2.50.

Institutional Trading of ATRenew

Several institutional investors and hedge funds have recently bought and sold shares of RERE. Quadrature Capital Ltd boosted its holdings in shares of ATRenew by 67.8% in the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after buying an additional 28,569 shares during the period. Harber Asset Management LLC lifted its position in shares of ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock valued at $3,043,000 after acquiring an additional 139,842 shares in the last quarter. Centiva Capital LP boosted its stake in ATRenew by 342.2% in the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock worth $210,000 after purchasing an additional 58,413 shares during the period. Walleye Capital LLC purchased a new position in ATRenew during the 3rd quarter worth approximately $32,000. Finally, Harvest Fund Management Co. Ltd raised its stake in ATRenew by 162.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock valued at $2,906,000 after purchasing an additional 649,214 shares during the period. 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.