Shares of Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) saw an uptick in trading volume on Wednesday . 438,995 shares traded hands during mid-day trading, an increase of 106% from the previous session's volume of 212,985 shares.The stock last traded at $9.07 and had previously closed at $8.73.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Yatsen from a "hold" rating to a "buy" rating in a report on Saturday.
View Our Latest Research Report on Yatsen
Yatsen Trading Up 4.7%
The company has a market capitalization of $842.52 million, a P/E ratio of -10.88 and a beta of -2.40. The stock's fifty day moving average is $5.20 and its 200 day moving average is $4.47.
Yatsen (NYSE:YSG - Get Free Report) last released its quarterly earnings results on Friday, May 16th. The company reported ($0.01) EPS for the quarter. Yatsen had a negative net margin of 17.03% and a negative return on equity of 17.36%. The business had revenue of $114.86 million for the quarter. On average, analysts expect that Yatsen Holding Limited Sponsored ADR will post -0.32 EPS for the current fiscal year.
Yatsen declared that its board has approved a share buyback plan on Friday, May 16th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
Hedge Funds Weigh In On Yatsen
Several institutional investors and hedge funds have recently added to or reduced their stakes in YSG. Yiheng Capital Management L.P. purchased a new position in Yatsen during the 4th quarter valued at about $42,000. Bank of America Corp DE purchased a new position in shares of Yatsen in the 4th quarter worth about $42,000. Marshall Wace LLP purchased a new position in shares of Yatsen in the 4th quarter worth about $47,000. Public Employees Retirement System of Ohio raised its position in shares of Yatsen by 1,446.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company's stock worth $51,000 after purchasing an additional 11,878 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Yatsen in the first quarter worth about $85,000.
About Yatsen
(
Get Free Report)
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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