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Yuanbao (NASDAQ:YB) Shares Down 6.4% - Here's What Happened

Yuanbao logo with Finance background

Key Points

  • Yuanbao Inc. shares saw a significant decline of 6.4% during mid-day trading, dropping to $28.06 from a previous close of $29.97.
  • Analysts have downgraded Yuanbao from a "buy" rating to a "hold" rating, indicating a shift in investor sentiment.
  • The company's recent quarterly earnings report showed an earnings per share of $0.89 and revenues of $133.68 million.
  • Yuanbao is recognized as a leading technology-driven online insurance distributor in China, focusing on integrating insurance with advanced technologies.
  • Looking to export and analyze Yuanbao data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) shares were down 6.4% on Friday . The stock traded as low as $28.05 and last traded at $28.06. Approximately 20,889 shares were traded during trading, a decline of 81% from the average daily volume of 108,076 shares. The stock had previously closed at $29.97.

Analysts Set New Price Targets

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

Get Our Latest Analysis on Yuanbao

Yuanbao Stock Performance

The business has a fifty day moving average price of $21.52.

Yuanbao (NASDAQ:YB - Get Free Report) last issued its 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 during 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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