So-Young International (NASDAQ:SY) Reaches New 12-Month High - Here's Why

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.18 and last traded at $5.01, with a volume of 2075603 shares trading hands. The stock had previously closed at $4.49.

Analysts Set New Price Targets

SY has been the topic of a number of analyst reports. Wall Street Zen upgraded So-Young International to a "hold" rating in a research note on Friday. Citigroup raised So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price objective on the stock in a report on Tuesday, July 8th.

So-Young International Stock Performance

The stock's 50-day moving average price is $12.27 and its 200-day moving average price is $12.90. The company has a market capitalization of $595.45 million, a price-to-earnings ratio of -7.34 and a beta of 1.72.

So-Young International (NASDAQ:SY - Get Free Report) last issued its quarterly earnings data on Friday, May 16th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.10) by $4.50. So-Young International had a negative return on equity of 2.14% and a negative net margin of 41.03%. The firm had revenue of $40.95 million during the quarter, compared to the consensus estimate of $293.76 million.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in So-Young International stock. Jane Street Group LLC lifted its position in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,419 shares of the company's stock after buying an additional 26,419 shares during the period. Jane Street Group LLC's holdings in So-Young International were worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 35.31% of the company's stock.

So-Young International Company Profile

So-Young International Inc operates an online platform for consumption healthcare services in the People's Republic of China. The company offers So-Young Mobile App that offers users medical aesthetic knowledge and experience to reach an informed medical aesthetic treatment decision and make reservations for treatment with medical professionals and medical aesthetic institutions; So-Young Beauty which provides similar interfaces and functions as the mobile app, as well as serves as additional access points to the platform; and medical aesthetic community content through its website soyoung.com.