Yiren Digital Ltd. (NYSE:YRD - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.24 and traded as low as $6.18. Yiren Digital shares last traded at $6.28, with a volume of 65,086 shares trading hands.
Yiren Digital Trading Up 0.1%
The firm's 50-day moving average is $6.22 and its 200-day moving average is $5.94. The firm has a market cap of $605.71 million, a price-to-earnings ratio of 2.42 and a beta of 0.76.
Yiren Digital (NYSE:YRD - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%. The business had revenue of $198.95 million during the quarter.
Yiren Digital Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. This represents a yield of 2.6%. Yiren Digital's dividend payout ratio (DPR) is 15.94%.
Hedge Funds Weigh In On Yiren Digital
Several large investors have recently bought and sold shares of YRD. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Yiren Digital by 33.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company's stock valued at $1,641,000 after acquiring an additional 85,414 shares in the last quarter. American Century Companies Inc. bought a new position in Yiren Digital during the 4th quarter valued at $107,000. Trexquant Investment LP bought a new position in Yiren Digital during the 4th quarter valued at $138,000. Invesco Ltd. bought a new position in Yiren Digital during the 4th quarter valued at $71,000. Finally, Dimensional Fund Advisors LP lifted its stake in Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company's stock valued at $5,225,000 after acquiring an additional 30,641 shares in the last quarter. 1.99% of the stock is currently owned by institutional investors.
Yiren Digital Company Profile
(
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Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.
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