Shares of Yiren Digital Ltd. (NYSE:YRD - Get Free Report) traded down 3.5% during trading on Monday . The stock traded as low as $6.17 and last traded at $6.26. 67,863 shares traded hands during trading, a decline of 53% from the average session volume of 144,281 shares. The stock had previously closed at $6.49.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Yiren Digital from a "strong-buy" rating to a "buy" rating in a report on Monday, October 7th.
Check Out Our Latest Analysis on YRD
Yiren Digital Stock Down 5.2 %
The stock has a 50 day moving average price of $5.06 and a two-hundred day moving average price of $4.92. The company has a market cap of $534.65 million, a P/E ratio of 1.85 and a beta of 0.72.
Yiren Digital (NYSE:YRD - Get Free Report) last posted its earnings results on Tuesday, August 20th. The technology company reported $0.65 earnings per share for the quarter. Yiren Digital had a return on equity of 24.38% and a net margin of 37.05%. The company had revenue of $205.93 million during the quarter.
Yiren Digital Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, September 30th. This represents a dividend yield of 3.5%. Yiren Digital's payout ratio is presently 10.21%.
Hedge Funds Weigh In On Yiren Digital
A number of hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its holdings in Yiren Digital by 63.9% in the 1st quarter. Acadian Asset Management LLC now owns 407,139 shares of the technology company's stock valued at $1,817,000 after buying an additional 158,772 shares during the period. RFG Advisory LLC bought a new position in Yiren Digital in the first quarter valued at approximately $715,000. Secure Asset Management LLC bought a new stake in Yiren Digital during the second quarter worth $310,000. Dimensional Fund Advisors LP boosted its holdings in shares of Yiren Digital by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,035 shares of the technology company's stock valued at $4,626,000 after purchasing an additional 90,726 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Yiren Digital in the 2nd quarter valued at $70,000. Institutional investors own 1.99% of the company's stock.
Yiren Digital Company Profile
(
Get Free Report)
Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.
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