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Weiss Ratings Reiterates Hold (C+) Rating for Yuanbao (NASDAQ:YB)

Yuanbao logo with Finance background

Key Points

  • Weiss Ratings has reiterated a hold (C+) rating for Yuanbao (NASDAQ:YB), indicating a neutral stance on the stock.
  • Yuanbao's stock closed at $23.60 on Friday, down $0.01, with a 12-month range of $14.04 to $31.00.
  • In the latest earnings report, Yuanbao achieved earnings of $0.90 per share with revenues of $149.36 million for the quarter.
  • MarketBeat previews top five stocks to own in November.

Yuanbao (NASDAQ:YB - Get Free Report)'s stock had its "hold (c+)" rating reissued by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Yuanbao Stock Performance

YB traded down $0.01 on Friday, hitting $23.60. 23,338 shares of the company were exchanged, compared to its average volume of 85,246. Yuanbao has a 12 month low of $14.04 and a 12 month high of $31.00. The company has a fifty day moving average price of $23.12.

Yuanbao (NASDAQ:YB - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $149.36 million for the quarter.

Institutional Trading of Yuanbao

Several institutional investors and hedge funds have recently bought and sold shares of YB. Federated Hermes Inc. bought a new stake in Yuanbao during the second quarter worth about $370,000. JPMorgan Chase & Co. bought a new stake in Yuanbao in the second quarter valued at approximately $454,000. Finally, WFM ASIA BVI Ltd bought a new stake in Yuanbao in the second quarter valued at approximately $2,020,000.

About Yuanbao

(Get Free Report)

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.

Further Reading

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