Yatsen (NYSE:YSG) Shares Down 4.6% - Here's What Happened

Yatsen Holding Limited (NYSE:YSG - Get Free Report) fell 4.6% during mid-day trading on Thursday . The company traded as low as $5.66 and last traded at $5.63. 131,469 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 236,759 shares. The stock had previously closed at $5.90.

Yatsen Stock Performance

The company has a market capitalization of $530.83 million, a price-to-earnings ratio of -4.83 and a beta of -2.56. The business has a 50 day moving average price of $3.79 and a 200-day moving average price of $3.87.

Institutional Investors Weigh In On Yatsen

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Yatsen by 43.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 213,830 shares of the company's stock valued at $852,000 after purchasing an additional 64,416 shares during the period. Barclays PLC raised its holdings in Yatsen by 6.9% during the 4th quarter. Barclays PLC now owns 174,156 shares of the company's stock valued at $693,000 after acquiring an additional 11,187 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Yatsen during the fourth quarter worth $452,000. Jane Street Group LLC boosted its holdings in shares of Yatsen by 113.8% in the fourth quarter. Jane Street Group LLC now owns 104,785 shares of the company's stock worth $417,000 after acquiring an additional 55,766 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Yatsen in the fourth quarter worth $188,000.

Yatsen Company Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.

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