Bitauto (NYSE:BITA) announced its quarterly earnings data on Thursday. The information services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.10, Morningstar.com reports. The company had revenue of $407.50 million during the quarter, compared to the consensus estimate of $368.34 million. Bitauto had a negative return on equity of 0.42% and a negative net margin of 5.67%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Bitauto updated its Q2 2019 guidance to EPS.
Shares of NYSE:BITA opened at $10.40 on Friday. The company has a market cap of $763.03 million, a P/E ratio of 7.43 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. Bitauto has a 12-month low of $9.46 and a 12-month high of $30.72.
Several large investors have recently made changes to their positions in BITA. Marshall Wace North America L.P. bought a new position in shares of Bitauto during the 1st quarter valued at approximately $35,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Bitauto during the 4th quarter valued at approximately $87,000. Quantamental Technologies LLC bought a new position in shares of Bitauto during the 1st quarter valued at approximately $90,000. Segantii Capital Management Ltd purchased a new position in Bitauto in the 1st quarter worth approximately $92,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Bitauto in the 1st quarter worth approximately $128,000. Institutional investors own 27.87% of the company’s stock.
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Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
See Also: Return On Assets
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