So-Young International (NASDAQ:SY) Trading Up 11.4% - Here's What Happened

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report)'s share price rose 11.4% on Friday . The stock traded as high as $5.48 and last traded at $5.57. Approximately 385,678 shares changed hands during trading, a decline of 12% from the average daily volume of 438,424 shares. The stock had previously closed at $5.00.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of 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.

So-Young International Stock Performance

The stock has a market cap of $580.74 million, a P/E ratio of -7.17 and a beta of 1.72. The stock's fifty day simple moving average is $12.41 and its 200-day simple moving average is $12.95.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($5.10) by $4.50. The business had revenue of $40.95 million for the quarter, compared to analysts' expectations of $293.76 million. So-Young International had a negative net margin of 41.03% and a negative return on equity of 2.14%.

Hedge Funds Weigh In On So-Young International

A hedge fund recently raised its stake in So-Young International stock. Jane Street Group LLC lifted its stake in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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. Hedge funds and other institutional investors 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.

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