Yuanbao (NASDAQ:YB) Sets New 52-Week Low - Here's What Happened

Key Points

• Yuanbao shares fell to a new 52-week low of $10.96 on Monday, down from the previous close of $11.20, with 12,749 shares traded.
• Weiss Ratings downgraded the stock from “hold (c-)” to “sell (d+).” The two-analyst consensus is “Reduce,” despite an average price target of $21.80.
• The company reported quarterly earnings of $1.26 per share on revenue of $204.92 million, while Ramsey Quantitative Systems increased its Yuanbao stake by 72.3% during the third quarter.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) reached a new 52-week low during trading on Monday. The company traded as low as $10.96 and last traded at $10.96, with a volume of 12,749 shares traded. The stock had previously closed at $11.20.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Yuanbao from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Yuanbao presently has a consensus rating of "Reduce" and an average price target of $21.80.

Yuanbao Price Performance

The firm has a market capitalization of $494.08 million, a PE ratio of 2.47 and a beta of 0.56. The firm has a fifty day moving average price of $12.40 and a 200 day moving average price of $15.62.

Yuanbao (NASDAQ:YB - Get Free Report) last released its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. The business had revenue of $204.92 million during the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Yuanbao stock. Ramsey Quantitative Systems increased its position in shares of Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Free Report) by 72.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,073 shares of the company's stock after acquiring an additional 7,584 shares during the quarter. Yuanbao accounts for about 0.2% of Ramsey Quantitative Systems' holdings, making the stock its 10th largest position. Ramsey Quantitative Systems' holdings in Yuanbao were worth $225,000 at the end of the most recent reporting period.

Yuanbao Company Profile

Yuanbao Inc NASDAQ: YB is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao's platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.

This 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.