Yatsen (NYSE:YSG) Shares Down 7.3% - Here's What Happened

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) dropped 7.3% on Thursday . The company traded as low as $10.00 and last traded at $10.12. Approximately 738,058 shares traded hands during mid-day trading, an increase of 203% from the average daily volume of 243,403 shares. The stock had previously closed at $10.92.

Analyst Ratings Changes

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

Yatsen Stock Down 5.4%

The company has a 50 day simple moving average of $5.91 and a two-hundred day simple moving average of $4.67. The company has a market capitalization of $952.17 million, a P/E ratio of -12.33 and a beta of -2.40.

Yatsen (NYSE:YSG - Get Free Report) last released its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $114.86 million for the quarter. Yatsen had a negative net margin of 17.03% and a negative return on equity of 17.36%. As a group, research analysts expect that Yatsen Holding Limited Sponsored ADR will post -0.32 EPS for the current fiscal year.

Yatsen announced that its Board of Directors has initiated a stock buyback program on Friday, May 16th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its stake in Yatsen by 113.8% in the 4th quarter. Jane Street Group LLC now owns 104,785 shares of the company's stock worth $417,000 after buying an additional 55,766 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Yatsen by 1,446.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company's stock worth $51,000 after acquiring an additional 11,878 shares during the period. Barclays PLC raised its stake in shares of Yatsen by 6.9% during the fourth quarter. Barclays PLC now owns 174,156 shares of the company's stock valued at $693,000 after acquiring an additional 11,187 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Yatsen during the fourth quarter valued at approximately $47,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Yatsen in the fourth quarter valued at approximately $188,000.

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.

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