So-Young International (NASDAQ:SY) Trading Up 7.4% - Here's What Happened

Key Points

• So-Young International's stock rose by 7.4% recently, closing at $4.94, although trading volume was significantly down at 111,105 shares compared to its average of 596,841 shares.
• Analyst ratings improved as Wall Street Zen upgraded the stock to "hold" and Citigroup raised its rating to "buy" with a target price of $5.50.
• Institutional investors, including Jane Street Group LLC, have increased their holdings significantly, with Jane Street boosting its stake by 264.2% in the first quarter.

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) shares were up 7.4% on Tuesday . The stock traded as high as $4.96 and last traded at $4.94. Approximately 111,105 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 596,841 shares. The stock had previously closed at $4.60.

Analyst Upgrades and Downgrades

SY has been the subject of several research reports. Wall Street Zen raised So-Young International to a "hold" rating in a research report on Friday, July 18th. Citigroup raised So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 target price for the company in a research report on Tuesday, July 8th.

So-Young International Price Performance

The company has a market capitalization of $500.61 million, a price-to-earnings ratio of -6.16 and a beta of 1.76. The stock has a 50 day moving average price of $9.73 and a two-hundred day moving average price of $11.94.

So-Young International (NASDAQ:SY - Get Free Report) last posted its quarterly 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 business had revenue of $40.95 million for the quarter, compared to analysts' expectations 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 So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC. 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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