Yatsen Holding Limited (NYSE:YSG - Get Free Report)'s stock price rose 13.5% during trading on Tuesday . The stock traded as high as $5.39 and last traded at $5.54. Approximately 61,228 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 185,512 shares. The stock had previously closed at $4.88.
Yatsen Trading Up 2.1%
The company has a market capitalization of $496.42 million, a price-to-earnings ratio of -4.96 and a beta of -2.60. The firm has a 50-day simple moving average of $4.46 and a two-hundred day simple moving average of $4.20.
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 business 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%. Equities research analysts anticipate that Yatsen Holding Limited will post -0.32 EPS for the current year.
Yatsen declared that its board has authorized a stock repurchase program on Friday, May 16th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Institutional Investors Weigh In On Yatsen
Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Yatsen in the fourth quarter valued at approximately $452,000. Yiheng Capital Management L.P. grew its position in shares of Yatsen by 816.7% during the first quarter. Yiheng Capital Management L.P. now owns 96,328 shares of the company's stock worth $463,000 after buying an additional 85,820 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Yatsen by 43.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 213,830 shares of the company's stock worth $852,000 after buying an additional 64,416 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Yatsen by 113.8% during the fourth 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. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Yatsen in the fourth quarter valued at approximately $188,000.
About Yatsen
(
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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