Yatsen (NYSE:YSG) Sets New 12-Month High - Here's Why

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $9.84 and last traded at $9.76, with a volume of 576870 shares trading hands. The stock had previously closed at $9.52.

Analyst Ratings Changes

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

Yatsen Stock Up 1.4%

The company has a market capitalization of $890.01 million, a price-to-earnings ratio of -11.49 and a beta of -2.40. The company's fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $4.59.

Yatsen (NYSE:YSG - Get Free Report) last posted its earnings results on Friday, May 16th. The company reported ($0.01) earnings per share (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 during the quarter. Equities research analysts expect that Yatsen Holding Limited Sponsored ADR will post -0.32 earnings per share for the current year.

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

Institutional Investors Weigh In On Yatsen

A number of hedge funds and other institutional investors have recently made changes to their positions in YSG. Yiheng Capital Management L.P. bought a new stake in Yatsen in the 4th quarter valued at approximately $42,000. Bank of America Corp DE bought a new stake in Yatsen during the 4th quarter worth about $42,000. Marshall Wace LLP acquired a new position in shares of Yatsen during the 4th quarter worth about $47,000. Public Employees Retirement System of Ohio boosted its stake in shares of 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 during the last quarter. Finally, Jump Financial LLC bought a new position in Yatsen in the first quarter valued at approximately $85,000.

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.

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