Yatsen (NYSE:YSG) Stock Price Up 7.7% - Here's Why

Shares of Yatsen Holding Limited (NYSE:YSG - Get Free Report) shot up 7.7% on Tuesday . The stock traded as high as $6.00 and last traded at $5.91. Approximately 146,970 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 183,050 shares. The stock had previously closed at $5.49.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Yatsen from a "hold" rating to a "buy" rating in a report on Friday, May 30th.

Yatsen Price Performance

The firm's fifty day moving average is $4.50 and its 200-day moving average is $4.25. The firm has a market cap of $593.89 million, a price-to-earnings ratio of -5.91 and a beta of -2.40.

Yatsen (NYSE:YSG - Get Free Report) last issued its earnings results on Friday, May 16th. The company reported ($0.01) EPS for the quarter. Yatsen had a negative net margin of 24.65% and a negative return on equity of 11.65%. The firm had revenue of $114.86 million during the quarter. As a group, 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 share buyback plan 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. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in YSG. BNP Paribas Financial Markets raised its stake in Yatsen by 22.8% in the 4th quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company's stock valued at $74,000 after acquiring an additional 3,435 shares during the period. Yiheng Capital Management L.P. bought a new stake in shares of Yatsen in the fourth quarter valued at approximately $42,000. Bank of America Corp DE purchased a new stake in shares of Yatsen during the 4th quarter valued at approximately $42,000. Barclays PLC boosted its holdings in Yatsen by 6.9% in the 4th quarter. Barclays PLC now owns 174,156 shares of the company's stock worth $693,000 after buying an additional 11,187 shares during the period. Finally, Marshall Wace LLP bought a new position in Yatsen in the 4th quarter worth approximately $47,000.

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.