Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.41 and traded as low as $6.13. Yiren Digital shares last traded at $6.17, with a volume of 80,554 shares changing hands.
Yiren Digital Stock Up 5.4%
The business has a 50 day moving average price of $6.30 and a two-hundred day moving average price of $5.90. The stock has a market cap of $568.55 million, a P/E ratio of 2.27 and a beta of 0.77.
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 for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%. The business had revenue of $198.95 million during the quarter.
Yiren Digital Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.22 per share. This is a positive change from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Wednesday, April 30th. 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
Institutional investors have recently bought and sold shares of the stock. AXA S.A. boosted its holdings in shares of Yiren Digital by 80.7% during the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company's stock valued at $55,000 after purchasing an additional 5,165 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Yiren Digital in the fourth quarter worth about $61,000. Invesco Ltd. bought a new position in Yiren Digital during the fourth quarter valued at approximately $71,000. Atria Wealth Solutions Inc. purchased a new position in Yiren Digital during the 1st quarter valued at approximately $103,000. Finally, American Century Companies Inc. purchased a new position in Yiren Digital during the 4th quarter valued at approximately $107,000. 1.99% of the stock is 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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