So-Young International (NASDAQ:SY) Sees Large Volume Increase - Should You Buy?

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) shares saw strong trading volume on Wednesday . 685,093 shares traded hands during trading, an increase of 44% from the previous session's volume of 474,696 shares.The stock last traded at $5.45 and had previously closed at $5.33.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SY. Citigroup upgraded So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 target price on the stock in a report on Tuesday, July 8th. Wall Street Zen upgraded So-Young International to a "hold" rating in a report on Friday, July 18th.

So-Young International Price Performance

The stock has a fifty day moving average of $11.54 and a 200 day moving average of $12.64. The firm has a market capitalization of $470.68 million, a P/E ratio of -5.80 and a beta of 1.72.

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

Hedge Funds Weigh In On So-Young International

A hedge fund recently raised its stake in So-Young International stock. Jane Street Group LLC boosted its position 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 & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission. 35.31% of the stock is currently owned by institutional investors and hedge funds.

About So-Young International

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.