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

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 mid-day 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 lowered Yatsen from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Yatsen Trading Down 0.5%

The firm has a fifty day moving average of $9.37 and a two-hundred day moving average of $6.11. The company has a market cap of $871.47 million, a PE ratio of -11.25 and a beta of -2.11.

Yatsen (NYSE:YSG - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The company reported ($0.01) earnings per share 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 during the quarter. Sell-side analysts expect that Yatsen Holding Limited Sponsored ADR will post -0.32 EPS for the current fiscal year.

Yatsen announced that its Board of Directors has authorized a stock repurchase program on Friday, May 16th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On Yatsen

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in Yatsen during the 4th quarter worth approximately $42,000. Marshall Wace LLP bought a new stake in Yatsen during the 4th quarter worth approximately $47,000. Public Employees Retirement System of Ohio increased its holdings in Yatsen by 1,446.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company's stock worth $51,000 after acquiring an additional 11,878 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Yatsen by 22.8% during the 4th quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock valued at $74,000 after acquiring an additional 3,435 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Yatsen during the 1st quarter valued at about $85,000.

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.