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Yuanbao (NASDAQ:YB) Trading Down 6.4% - Time to Sell?

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.
  • Five stocks we like better than Yuanbao.
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Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) shares traded down 6.4% during mid-day trading on Friday . The company traded as low as $28.05 and last traded at $28.06. 20,889 shares were traded during mid-day trading, a decline of 81% from the average session volume of 108,076 shares. The stock had previously closed at $29.97.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Yuanbao

Yuanbao Stock Down 7.1%

The business has a fifty day moving average of $21.25.

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

Yuanbao Company Profile

(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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