Yatsen (NYSE:YSG) Hits New 1-Year High - Here's Why

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

Wall Street Analyst Weigh In

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

Yatsen Price Performance

The firm has a market capitalization of $952.17 million, a PE ratio of -12.29 and a beta of -2.40. The business has a 50-day simple moving average of $6.03 and a 200-day simple moving average of $4.71.

Yatsen (NYSE:YSG - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $114.86 million during the quarter. Yatsen had a negative return on equity of 17.36% and a negative net margin of 17.03%. On average, 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 has approved a share repurchase program on Friday, May 16th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Yatsen

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YSG. Yiheng Capital Management L.P. purchased a new position in shares of Yatsen during the fourth quarter valued at approximately $42,000. Bank of America Corp DE bought a new stake in shares of Yatsen during the 4th quarter worth approximately $42,000. Marshall Wace LLP purchased a new position in Yatsen during the 4th quarter valued at $47,000. Public Employees Retirement System of Ohio grew its position in 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 acquiring an additional 11,878 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Yatsen in the 1st quarter valued at $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.