Yirendai (NYSE:YRD) Shares Cross Below 50-Day Moving Average - Here's What Happened

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.

Yirendai Ltd. (NYSE:YRD - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 traded.

Yirendai Trading Up 1.4%

The company has a market cap of $497.72 million, a P/E ratio of 2.69 and a beta of 0.78. The stock's 50 day moving average is $6.17 and its 200-day moving average is $6.36.

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

Institutional Investors Weigh In On Yirendai

A number of institutional investors and hedge funds have recently modified their holdings of YRD. Two Sigma Investments LP acquired a new position in Yirendai in the fourth quarter valued at approximately $61,000. American Century Companies Inc. acquired a new position in Yirendai in the fourth quarter valued at approximately $107,000. Invesco Ltd. acquired a new position in Yirendai in the fourth quarter valued at approximately $71,000. Public Employees Retirement System of Ohio lifted its holdings in Yirendai by 43.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock valued at $185,000 after acquiring an additional 11,583 shares during the period. Finally, Dimensional Fund Advisors LP lifted 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 acquiring an additional 30,641 shares during the period. Institutional investors and hedge funds own 1.99% of the company's stock.

Yirendai Company Profile

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.