Shares of Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) saw strong trading volume on Wednesday . 932,002 shares changed hands during mid-day trading, an increase of 267% from the previous session's volume of 253,897 shares.The stock last traded at $10.64 and had previously closed at $9.56.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Yatsen from a "hold" rating to a "buy" rating in a research note on Friday.
Read Our Latest Report on YSG
Yatsen Trading Down 4.4%
The business has a 50 day moving average price of $7.87 and a 200 day moving average price of $5.30. The company has a market capitalization of $925.89 million, a P/E ratio of -11.95 and a beta of -2.10.
Yatsen (NYSE:YSG - Get Free Report) last released its 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 company had revenue of $114.86 million for the quarter. On average, analysts forecast that Yatsen Holding Limited Sponsored ADR will post -0.32 EPS for the current fiscal year.
Yatsen declared that its board has authorized a stock buyback program on Friday, May 16th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Yatsen
Institutional investors and hedge funds have recently bought and sold shares of the company. Yiheng Capital Management L.P. purchased a new position in Yatsen during the 4th quarter worth $42,000. Bank of America Corp DE purchased a new stake in Yatsen during the 4th quarter worth approximately $42,000. Marshall Wace LLP purchased a new stake in Yatsen during the 4th quarter worth approximately $47,000. Public Employees Retirement System of Ohio increased its stake 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 buying an additional 11,878 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Yatsen by 22.8% in the fourth quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock valued at $74,000 after purchasing an additional 3,435 shares in the last quarter.
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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