ATRenew (NYSE:RERE) Sets New 1-Year High - Here's What Happened

ATRenew Inc. Sponsored ADR (NYSE:RERE - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $4.94 and last traded at $4.9150, with a volume of 651956 shares traded. The stock had previously closed at $4.87.Analyst Ratings ChangesRERE has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of ATRenew in a report on Monday. Wall Street Zen raised ATRenew from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, ATRenew presently has a consensus rating of "Hold".Read Our Latest Report on REREATRenew Trading Up 0.7%The stock has a market cap of $1.20 billion, a PE ratio of 30.69 and a beta of 0.20. The firm has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $3.78. Hedge Funds Weigh In On ATRenewHedge funds and other institutional investors have recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of ATRenew during the second quarter worth about $406,000. Eschler Asset Management LLP lifted its stake in ATRenew by 163.6% in the first quarter. Eschler Asset Management LLP now owns 226,700 shares of the company's stock worth $666,000 after acquiring an additional 140,700 shares during the period. Acadian Asset Management LLC boosted its holdings in ATRenew by 27.4% in the first quarter. Acadian Asset Management LLC now owns 2,692,149 shares of the company's stock valued at $7,899,000 after acquiring an additional 579,334 shares in the last quarter. Invesco Ltd. increased its position in ATRenew by 45.6% during the 1st quarter. Invesco Ltd. now owns 2,760,925 shares of the company's stock valued at $8,117,000 after purchasing an additional 864,048 shares during the period. Finally, Prescott Group Capital Management L.L.C. raised its holdings in ATRenew by 4.0% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 3,155,436 shares of the company's stock worth $10,444,000 after purchasing an additional 120,000 shares in the last quarter. 19.29% of the stock is currently owned by hedge funds and other institutional investors. ATRenew Company Profile (Get 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.See AlsoFive stocks we like better than ATRenewBank Stocks - Best Bank Stocks to Invest InThe AI Boom Is Powering an Unexpected Stock Surge—And These 3 Companies Are Winning BigStock Trading Terms - Stock Terms Every Investor Needs to KnowThe Bulls Are Back—Why Qualcomm Stock Is Gaining Strength Again2 Fintech Stocks to Buy Now and 1 to AvoidNetflix Goes All In: The $70B Play to End the Streaming WarsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ATRenew Right Now?Before you consider ATRenew, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATRenew wasn't on the list.While ATRenew currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here