Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report)'s share price fell 4.4% on Thursday . The company traded as low as $10.41 and last traded at $10.48. 363,281 shares traded hands during trading, an increase of 41% from the average session volume of 258,347 shares. The stock had previously closed at $10.96.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Yatsen from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd.
Get Our Latest Stock Analysis on Yatsen
Yatsen Stock Performance
The firm has a market capitalization of $969.13 million, a PE ratio of -12.51 and a beta of -2.10. The stock's 50-day simple moving average is $7.63 and its 200-day simple moving average is $5.21.
Yatsen (NYSE:YSG - Get Free Report) last released its quarterly 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 during the quarter. As a group, analysts predict that Yatsen Holding Limited Sponsored ADR will post -0.32 earnings per share for the current fiscal year.
Yatsen announced that its board has approved a share repurchase program on Friday, May 16th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Hedge Funds Weigh In On Yatsen
A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in shares of Yatsen by 22.8% during 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 during the last quarter. Public Employees Retirement System of Ohio lifted its position in Yatsen by 39.3% during the second quarter. Public Employees Retirement System of Ohio now owns 20,791 shares of the company's stock valued at $200,000 after purchasing an additional 5,871 shares in the last quarter. Yiheng Capital Management L.P. purchased a new stake in Yatsen in the fourth quarter worth about $42,000. Bank of America Corp DE purchased a new position in shares of Yatsen during the 4th quarter valued at about $42,000. Finally, Barclays PLC boosted its position in shares of Yatsen by 6.9% in the fourth quarter. Barclays PLC now owns 174,156 shares of the company's stock worth $693,000 after purchasing an additional 11,187 shares during the period.
Yatsen Company Profile
(
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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