Yatsen (NYSE:YSG) Sets New 52-Week High - Still a Buy?

Yatsen Holding Limited (NYSE:YSG - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.25 and last traded at $7.07, with a volume of 940454 shares trading hands. The stock had previously closed at $6.19.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Yatsen from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Yatsen Trading Down 1.0%

The firm has a market cap of $847.03 million, a price-to-earnings ratio of -8.43 and a beta of -2.40. The firm's 50-day moving average is $4.88 and its 200-day moving average is $4.39.

Yatsen (NYSE:YSG - Get Free Report) last posted its quarterly earnings data on Friday, May 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $114.86 million for the quarter. Yatsen had a negative return on equity of 11.65% and a negative net margin of 24.65%. Analysts forecast that Yatsen Holding Limited will post -0.32 EPS for the current fiscal year.

Yatsen declared that its board has initiated a share buyback program on Friday, May 16th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Yatsen

Hedge funds have recently bought and sold shares of the company. Yiheng Capital Management L.P. purchased a new position in shares of Yatsen in the 4th quarter worth 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 boosted 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 worth $51,000 after buying an additional 11,878 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted 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 worth $74,000 after buying an additional 3,435 shares during the last quarter.

About Yatsen

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.