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

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) saw an uptick in trading volume on Thursday . 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.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SY. Wall Street Zen raised So-Young International to a "hold" rating in a research report on Friday. Citigroup upgraded So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price target for the company in a research report on Tuesday, July 8th.

So-Young International Stock Performance

The company has a market capitalization of $585.21 million, a price-to-earnings ratio of -7.17 and a beta of 1.72. The stock's 50-day moving average price is $12.27 and its 200-day moving average price is $12.91.

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

Institutional Investors Weigh In On So-Young International

A hedge fund recently raised its stake in So-Young International stock. Jane Street Group LLC boosted its stake in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,419 shares of the company's stock after purchasing 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 currently owned by 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.