Yiren Digital (NYSE:YRD - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Monday.
Yiren Digital Stock Performance
YRD traded up $0.05 on Monday, hitting $5.88. 104,868 shares of the company were exchanged, compared to its average volume of 146,386. Yiren Digital has a 12 month low of $2.16 and a 12 month high of $9.20. The company has a market cap of $511.18 million, a PE ratio of 1.77 and a beta of 0.72. The stock's fifty day moving average is $5.23 and its 200-day moving average is $4.97.
Yiren Digital (NYSE:YRD - Get Free Report) last released its earnings results on Tuesday, August 20th. The technology company reported $0.65 earnings per share (EPS) for the quarter. Yiren Digital had a return on equity of 24.38% and a net margin of 37.05%. The business had revenue of $205.93 million for the quarter.
Hedge Funds Weigh In On Yiren Digital
A number of institutional investors have recently bought and sold shares of the business. Creative Planning acquired a new position in Yiren Digital during the third quarter worth approximately $89,000. XTX Topco Ltd acquired a new position in Yiren Digital during the second quarter worth approximately $70,000. Dimensional Fund Advisors LP increased its position in Yiren Digital by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,021,035 shares of the technology company's stock worth $4,626,000 after buying an additional 90,726 shares during the last quarter. Acadian Asset Management LLC increased its position in Yiren Digital by 6.3% during the second quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company's stock worth $1,943,000 after buying an additional 25,811 shares during the last quarter. Finally, Secure Asset Management LLC acquired a new position in Yiren Digital during the second quarter worth approximately $310,000. Institutional investors and hedge funds own 1.99% of the company's stock.
Yiren Digital Company Profile
(
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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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