Yuanbao (NASDAQ:YB) Shares Down 4.6% - Time to Sell?

Key Points

• Yuanbao Inc. shares dropped 4.6% to $24.20 during mid-day trading, with a significant decline in trading volume of 88% compared to the average.
• The company received a downgrade from Wall Street Zen, changing its rating from "buy" to "hold."
• Yuanbao reported earnings of $0.90 per share with a revenue of $149.36 million for the last quarter.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) was down 4.6% during trading on Monday . The company traded as low as $24.20 and last traded at $24.20. Approximately 10,852 shares changed hands during trading, a decline of 88% from the average daily volume of 90,076 shares. The stock had previously closed at $25.36.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Yuanbao from a "buy" rating to a "hold" rating in a report on Sunday, June 15th.

Yuanbao Stock Down 1.6%

The company has a 50-day simple moving average of $26.01.

Yuanbao (NASDAQ:YB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.90 EPS for the quarter. The firm had revenue of $149.36 million for the quarter.

Institutional Investors Weigh In On Yuanbao

Several large investors have recently made changes to their positions in YB. Federated Hermes Inc. purchased a new position in Yuanbao in the 2nd quarter worth approximately $370,000. JPMorgan Chase & Co. purchased a new position in shares of Yuanbao in the second quarter valued at $454,000. Finally, WFM ASIA BVI Ltd acquired a new stake in Yuanbao during the 2nd quarter valued at $2,020,000.

Yuanbao Company Profile

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.