Yatsen (NYSE:YSG) Stock Price Down 5.5% - Here's Why

Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) shares dropped 5.5% during mid-day trading on Tuesday . The stock traded as low as $9.50 and last traded at $9.57. Approximately 203,579 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 245,389 shares. The stock had previously closed at $10.12.

Wall Street Analysts Forecast Growth

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

Yatsen Stock Up 0.2%

The firm's 50-day moving average price is $7.06 and its two-hundred day moving average price is $5.03. The firm has a market capitalization of $860.41 million, a PE ratio of -11.11 and a beta of -2.10.

Yatsen (NYSE:YSG - Get Free Report) last posted its quarterly earnings data on Friday, May 16th. The company reported ($0.01) earnings per share for the quarter. Yatsen had a negative return on equity of 17.36% and a negative net margin of 17.03%. The firm had revenue of $114.86 million for the quarter. Equities research analysts forecast that Yatsen Holding Limited Sponsored ADR 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 permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Yatsen

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Yiheng Capital Management L.P. acquired a new stake in shares of Yatsen during the 4th quarter valued at $42,000. Bank of America Corp DE acquired a new stake in shares of Yatsen during the 4th quarter valued at $42,000. Marshall Wace LLP acquired a new stake in shares of Yatsen during the 4th quarter valued at $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 valued at $51,000 after buying an additional 11,878 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Yatsen during 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.