So-Young International (NASDAQ:SY) Stock Price Up 4.2% - Here's What Happened

Key Points

• So-Young International's stock price increased by 4.2% on Monday, with shares trading between $3.93 and $4.06, despite a 26% decline in trading volume compared to average levels.
• Wall Street analysts have mixed ratings on So-Young, with Citigroup upgrading it to a buy rating and a price target of $5.50, while Wall Street Zen downgraded it to sell.
• Institutional investors hold 35.31% of So-Young's stock, with recent acquisitions including a purchase by XTX Topco Ltd for approximately $113,000 in the second quarter.

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report)'s stock price rose 4.2% on Monday . The company traded as high as $4.06 and last traded at $3.93. Approximately 1,148,342 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 1,542,610 shares. The stock had previously closed at $3.77.

Wall Street Analysts Forecast Growth

SY has been the topic of a number of recent analyst reports. Citigroup upgraded shares of So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price target on the stock in a report on Tuesday, July 8th. Wall Street Zen cut shares of So-Young International from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $5.50.

So-Young International Trading Up 4.2%

The company has a market cap of $395.08 million, a PE ratio of -4.52 and a beta of 1.89. The firm's fifty day moving average is $4.39 and its 200 day moving average is $10.21.

Institutional Investors Weigh In On So-Young International

A hedge fund recently bought a new stake in So-Young International stock. XTX Topco Ltd purchased a new position in So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,306 shares of the company's stock, valued at approximately $113,000. Institutional investors and hedge funds own 35.31% of the company's stock.

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.

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