Shares of Bitauto Holdings Limited (BITA) Sees Large Inflow of Net Money Flow

Bitauto Holdings Limited (BITA) : On Wednesday, The money flowed into the Bitauto Holdings Limited (BITA) stock with an uptick to downtick ratio was recorded at 1.6. Transactions worth $1.68 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.05 million. The total money flow into the stock was $0.63 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, Bitauto Holdings Limited (BITA) traded down $0.94 during the session at $31.74. Compared to the previous days closing, the stock was down only by -2.88%. For the week, the stock is 2.72%, over previous weeks closing.

Bitauto

Shares of Bitauto Holdings Limited rose by 4.33% in the last five trading days and 23.26% for the last 4 weeks. Bitauto Holdings Limited is up 13.44% in the last 3-month period. Year-to-Date the stock performance stands at 10.75%.

Bitauto Holdings Limited (BITA) : The consensus on Bitauto Holdings Limited (BITA) based on 5 analyst recommendation on the company stock is 2.06, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Bitauto Holdings Limited (NYSE:BITA): stock was range-bound between the intraday low of $30.31 and the intraday high of $32.7599 after having opened at $32.74 on Wednesdays session. The stock finally closed in the red at $32.74, a loss of -4.16%. The stock remained in the red for the whole trading day. The total traded volume was 750,861 shares. The stock failed to cross $32.7599 in Wednesdays trading. The stocks closing price on Thursday was $32.68.

Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services for Chinas automotive industry. The Companys bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. Bitauto operates through three segments: the advertising business, the EP platform business and its digital marketing solutions business. The bitauto.com advertising business offers automakers and dealers a range of advertising services through its bitauto.com Website and mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with various digital marketing solutions. The Companys brand names include bitauto.com and taoche.com.

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