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

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 932,002 shares traded hands during 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Yatsen from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd.

Yatsen Trading Down 4.1%

The business's 50 day moving average is $7.75 and its 200 day moving average is $5.25. The stock has a market capitalization of $969.14 million, a PE ratio of -12.51 and a beta of -2.10.

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. The firm had revenue of $114.86 million for the quarter. Yatsen had a negative return on equity of 17.36% and a negative net margin of 17.03%. As a group, analysts anticipate that Yatsen Holding Limited Sponsored ADR will post -0.32 EPS for the current year.

Yatsen announced that its board has initiated a stock repurchase plan on Friday, May 16th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Yatsen

Several large investors have recently added to or reduced their stakes in the stock. Yiheng Capital Management L.P. bought a new stake in shares of Yatsen in the 4th quarter valued at about $42,000. Bank of America Corp DE bought a new stake in shares of Yatsen in the 4th quarter valued at about $42,000. Marshall Wace LLP bought a new stake in shares of Yatsen in the 4th quarter valued at about $47,000. Public Employees Retirement System of Ohio raised its holdings 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 valued at $51,000 after purchasing an additional 11,878 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Yatsen by 22.8% in the 4th 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.

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.