So-Young International (NASDAQ:SY) Sees Strong Trading Volume - Here's Why

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 754,020 shares were traded during trading, an increase of 76% from the previous session's volume of 429,456 shares.The stock last traded at $5.01 and had previously closed at $5.22.

Analyst Upgrades and Downgrades

Separately, Citigroup raised So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price target on the stock in a research report on Tuesday, July 8th.

So-Young International Trading Down 4.2%

The stock has a market cap of $507.20 million, a price-to-earnings ratio of -6.25 and a beta of 1.72. The stock has a fifty day simple moving average of $12.56 and a 200-day simple moving average of $13.00.

So-Young International (NASDAQ:SY - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The company reported ($0.60) earnings per share 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 company had revenue of $40.95 million for the quarter, compared to analyst estimates of $293.76 million.

Institutional Trading of So-Young International

An institutional investor recently raised its position in So-Young International stock. Jane Street Group LLC raised its stake in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,419 shares of the company's stock after buying an additional 26,419 shares during the quarter. Jane Street Group LLC's holdings in So-Young International were worth $30,000 at the end of the most recent reporting period. 35.31% of the stock is owned by hedge funds and other institutional investors.

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.

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