Yiren Digital (NYSE:YRD - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Monday.
Yiren Digital Trading Up 0.2 %
YRD stock traded up $0.01 during midday trading on Monday, hitting $5.02. The company had a trading volume of 107,083 shares, compared to its average volume of 155,187. Yiren Digital has a 52 week low of $1.94 and a 52 week high of $5.80. The stock's 50 day moving average price is $5.03 and its 200 day moving average price is $4.25. The stock has a market cap of $436.39 million, a price-to-earnings ratio of 1.54 and a beta of 0.66.
Yiren Digital (NYSE:YRD - Get Free Report) last announced its earnings results on Thursday, March 21st. The technology company reported $0.91 EPS for the quarter. The company had revenue of $179.48 million during the quarter. Yiren Digital had a return on equity of 28.62% and a net margin of 42.51%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of YRD. QRG Capital Management Inc. purchased a new stake in Yiren Digital in the third quarter worth approximately $27,000. Acadian Asset Management LLC purchased a new position in shares of Yiren Digital during the 3rd quarter worth about $232,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Yiren Digital by 238.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,425 shares of the technology company's stock worth $140,000 after acquiring an additional 40,479 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Yiren Digital in the fourth quarter worth about $38,000. Finally, RFG Advisory LLC purchased a new position in shares of Yiren Digital during the first quarter worth approximately $715,000. 1.99% of the stock is owned by hedge funds and other institutional investors.
About Yiren Digital
(
Get Free Report)
Yiren Digital Ltd. operates an AI-powered platform. Its platform provides a suite of financial and lifestyle services in China. The company delivers digital financial services, insurance solutions, as well as consumption and lifestyle services. It supports clients at various growth stages, addressing financing needs arising from consumption and production activities, and augmenting the well-being and security of individuals, families, and businesses.
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