Yatsen (NYSE:YSG) Shares Up 5.5% - Here's What Happened

Shares of Yatsen Holding Limited Sponsored ADR (NYSE:YSG - Get Free Report) rose 5.5% during mid-day trading on Friday . The company traded as high as $9.73 and last traded at $9.67. Approximately 408,940 shares were traded during mid-day trading, an increase of 96% from the average daily volume of 208,747 shares. The stock had previously closed at $9.16.

Wall Street Analyst Weigh In

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

Yatsen Price Performance

The business has a 50 day simple moving average of $5.54 and a 200 day simple moving average of $4.56. The company has a market cap of $880.70 million, a price-to-earnings ratio of -11.37 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 (EPS) for the quarter. The firm had revenue of $114.86 million during the quarter. Yatsen had a negative net margin of 17.03% and a negative return on equity of 17.36%. As a group, sell-side analysts anticipate that Yatsen Holding Limited Sponsored ADR will post -0.32 earnings per share for the current fiscal year.

Yatsen announced that its Board of Directors has approved a share buyback plan 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. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On Yatsen

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Yatsen during the 4th quarter worth approximately $452,000. Yiheng Capital Management L.P. purchased a new stake in Yatsen in the fourth quarter valued at approximately $42,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Yatsen in the 4th quarter valued at $188,000. Russell Investments Group Ltd. bought a new position in Yatsen during the 4th quarter worth approximately $144,000. Finally, 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 during the last quarter.

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.