Yatsen (NYSE:YSG) Sees Large Volume Increase - Here's Why

Key Points

• Yatsen Holding Limited experienced a significant increase in trading volume of approximately 475,039 shares, marking a 50% rise from the previous session.
• Wall Street analysts downgraded Yatsen's stock rating from "buy" to "hold", indicating a shift in outlook for the company.
• Yatsen's recent quarterly earnings report showed a loss of ($0.01) EPS on revenue of $114.86 million, along with negative return on equity and net margin figures.

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) saw an uptick in trading volume on Wednesday . 475,039 shares changed hands during trading, an increase of 50% from the previous session's volume of 315,751 shares.The stock last traded at $9.62 and had previously closed at $9.22.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Yatsen from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Yatsen Trading Down 4.9%

The company has a market cap of $827.21 million, a price-to-earnings ratio of -10.68 and a beta of -2.11. The company's 50 day moving average price is $9.40 and its 200 day moving average price is $6.17.

Yatsen (NYSE:YSG - Get Free Report) last posted its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. Yatsen had a negative return on equity of 17.36% and a negative net margin of 17.03%. The firm had revenue of $114.86 million for the quarter. Sell-side analysts predict that Yatsen Holding Limited Sponsored ADR will post -0.32 earnings per share for the current year.

Yatsen declared that its Board of Directors has initiated a share repurchase program on Friday, May 16th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

Institutional Trading of Yatsen

Hedge funds have recently modified their holdings of the business. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Yatsen in the second quarter worth $2,241,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Yatsen by 472.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 252,362 shares of the company's stock worth $2,433,000 after purchasing an additional 208,297 shares during the period. WT Asset Management Ltd purchased a new position in shares of Yatsen in the 2nd quarter valued at about $1,397,000. Diversify Wealth Management LLC purchased a new position in shares of Yatsen in the 2nd quarter valued at about $1,127,000. Finally, Marshall Wace LLP acquired a new stake in shares of Yatsen in the second quarter valued at about $1,021,000.

Yatsen Company Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.