Yatsen (NYSE:YSG) Sees Strong Trading Volume - Time to Buy?

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) saw strong trading volume on Wednesday . 360,447 shares traded hands during trading, an increase of 62% from the previous session's volume of 222,198 shares.The stock last traded at $10.03 and had previously closed at $9.66.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Yatsen from a "buy" rating to a "hold" rating in a research note on Sunday.

Yatsen Stock Up 14.9%

The stock's 50 day moving average price is $5.77 and its two-hundred day moving average price is $4.63. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -13.21 and a beta of -2.40.

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

Yatsen declared that its Board of Directors has approved a share buyback plan on Friday, May 16th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Yatsen

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its stake in shares of Yatsen by 113.8% in the fourth quarter. Jane Street Group LLC now owns 104,785 shares of the company's stock worth $417,000 after buying an additional 55,766 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position 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 last quarter. Barclays PLC boosted its holdings in Yatsen by 6.9% during the fourth quarter. Barclays PLC now owns 174,156 shares of the company's stock valued at $693,000 after acquiring an additional 11,187 shares during the period. Marshall Wace LLP acquired a new stake in shares of Yatsen in the fourth quarter valued at about $47,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Yatsen in the fourth quarter valued at about $188,000.

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.

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