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Yuanbao (NASDAQ:YB) Shares Up 10.9% - Time to Buy?

Yuanbao logo with Finance background

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report)'s stock price shot up 10.9% during trading on Wednesday . The stock traded as high as $29.90 and last traded at $29.90. 33,973 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 110,235 shares. The stock had previously closed at $26.97.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on YB

Yuanbao Price Performance

The company's 50-day simple moving average is $21.25.

Yuanbao (NASDAQ:YB - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $133.68 million for the quarter.

About Yuanbao

(Get Free Report)

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.

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