Yiren Digital Ltd. (NYSE:YRD - Get Free Report) shares saw an uptick in trading volume on Tuesday . 84,296 shares traded hands during mid-day trading, a decline of 42% from the previous session's volume of 144,907 shares.The stock last traded at $5.86 and had previously closed at $6.19.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Yiren Digital from a "strong-buy" rating to a "buy" rating in a report on Monday, October 7th.
Read Our Latest Stock Report on YRD
Yiren Digital Stock Down 9.2 %
The company has a market cap of $488.57 million, a P/E ratio of 1.73 and a beta of 0.72. The firm's 50 day moving average is $5.10 and its two-hundred day moving average is $4.93.
Yiren Digital (NYSE:YRD - Get Free Report) last issued its quarterly 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 declared a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.20 dividend. This represents a yield of 3.5%. The ex-dividend date is Monday, September 30th. Yiren Digital's dividend payout ratio (DPR) is presently 10.21%.
Institutional Investors Weigh In On Yiren Digital
A number of large investors have recently bought and sold shares of YRD. XTX Topco Ltd bought a new position in Yiren Digital in the second quarter worth approximately $70,000. EntryPoint Capital LLC acquired a new stake in Yiren Digital in the 1st quarter valued at $72,000. Advisors Preferred LLC bought a new stake in Yiren Digital during the 1st quarter valued at $76,000. Creative Planning acquired a new position in Yiren Digital during the third quarter worth $89,000. Finally, Banco BTG Pactual S.A. acquired a new position in Yiren Digital during the first quarter worth $223,000. 1.99% of the stock is currently owned by institutional investors and hedge funds.
About Yiren Digital
(
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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