Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.62 and traded as low as $6.39. Yiren Digital shares last traded at $6.54, with a volume of 83,668 shares trading hands.
Yiren Digital Stock Performance
The company has a fifty day simple moving average of $6.58 and a 200-day simple moving average of $5.85. The company has a market capitalization of $573.75 million, a PE ratio of 2.26 and a beta of 0.66.
Yiren Digital (NYSE:YRD - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The business had revenue of $198.95 million during the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%.
Yiren Digital Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, April 30th. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. This represents a dividend yield of 2.6%. Yiren Digital's dividend payout ratio is currently 15.94%.
Hedge Funds Weigh In On Yiren Digital
A number of hedge funds have recently modified their holdings of YRD. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 worth $1,641,000 after purchasing an additional 85,414 shares during the period. 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 worth $5,225,000 after acquiring an additional 30,641 shares in the last quarter. Trexquant Investment LP acquired a new position in Yiren Digital during the 4th quarter worth about $138,000. American Century Companies Inc. acquired a new position in Yiren Digital during the 4th quarter worth about $107,000. Finally, Invesco Ltd. acquired a new position in Yiren Digital during the 4th quarter worth about $71,000. 1.99% of the stock is currently owned by hedge funds and other institutional investors.
About Yiren Digital
(
Get Free Report)
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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