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Yirendai (NYSE:YRD) Shares Pass Below 50-Day Moving Average - What's Next?

Yirendai logo with Computer and Technology background

Key Points

  • Yirendai Ltd.'s stock price fell below its 50-day moving average for the first time, currently trading at $5.67, down 2.3% during the session.
  • In its latest earnings report, Yirendai reported earnings per share of $0.39 with a revenue of $214.22 million for the quarter.
  • Several institutional investors have recently increased their stakes in Yirendai, with AXA S.A. boosting its holdings by 80.7% in the fourth quarter.
  • Looking to Export and Analyze Yirendai Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Yirendai Ltd. (NYSE:YRD - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.19 and traded as low as $5.43. Yirendai shares last traded at $5.67, with a volume of 181,991 shares changing hands.

Yirendai Price Performance

The stock has a market capitalization of $491.22 million, a PE ratio of 2.66 and a beta of 0.78. The business's fifty day moving average price is $6.18 and its two-hundred day moving average price is $6.36.

Yirendai (NYSE:YRD - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The technology company reported $0.39 EPS for the quarter. Yirendai had a net margin of 22.48% and a return on equity of 14.33%. The company had revenue of $214.22 million for the quarter.

Institutional Trading of Yirendai

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. purchased a new stake in Yirendai in the fourth quarter valued at $107,000. Trexquant Investment LP purchased a new position in Yirendai during the fourth quarter worth about $138,000. Invesco Ltd. purchased a new position in Yirendai during the fourth quarter worth about $71,000. Dimensional Fund Advisors LP increased its holdings in Yirendai by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company's stock valued at $5,225,000 after buying an additional 30,641 shares in the last quarter. Finally, AXA S.A. increased its holdings in Yirendai by 80.7% in the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company's stock valued at $55,000 after buying an additional 5,165 shares in the last quarter. 1.99% of the stock is currently owned by hedge funds and other institutional investors.

Yirendai Company Profile

(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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