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 report released on Thursday.
Yiren Digital Trading Down 1.4 %
Shares of Yiren Digital stock traded down $0.08 during trading hours on Thursday, reaching $5.64. The stock had a trading volume of 111,949 shares, compared to its average volume of 146,613. The stock's 50 day moving average is $5.38 and its 200 day moving average is $5.00. The firm has a market capitalization of $490.31 million, a PE ratio of 1.72 and a beta of 0.72. Yiren Digital has a twelve month low of $2.16 and a twelve month high of $9.20.
Yiren Digital (NYSE:YRD - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $0.65 earnings per share for the quarter. Yiren Digital had a net margin of 37.05% and a return on equity of 24.38%. The firm had revenue of $205.93 million during the quarter.
Institutional Trading of Yiren Digital
Several large investors have recently bought and sold shares of YRD. Dimensional Fund Advisors LP grew its stake 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 buying an additional 90,726 shares during the period. Acadian Asset Management LLC boosted its position in shares of Yiren Digital by 6.3% during the 2nd quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company's stock worth $1,943,000 after purchasing an additional 25,811 shares during the period. Secure Asset Management LLC purchased a new position in shares of Yiren Digital during the 2nd quarter worth approximately $310,000. Banco BTG Pactual S.A. purchased a new position in shares of Yiren Digital during the 1st quarter worth approximately $223,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Yiren Digital during the 1st quarter worth approximately $72,000. Hedge funds and other 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.
Further Reading
Before you consider Yiren Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yiren Digital wasn't on the list.
While Yiren Digital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
