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Yuanbao (NASDAQ:YB) Shares Down 7.7% - Here's Why

Yuanbao logo with Finance background

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report)'s stock price was down 7.7% during mid-day trading on Tuesday . The company traded as low as $27.60 and last traded at $27.85. Approximately 52,569 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 114,422 shares. The stock had previously closed at $30.16.

Analyst Ratings Changes

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

Check Out Our Latest Report on YB

Yuanbao Stock Performance

Yuanbao (NASDAQ:YB - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.89 earnings per share for the quarter. The business 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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