Yiren Digital Ltd. (NYSE:YRD - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 144,567 shares were traded during mid-day trading, an increase of 31% from the previous session's volume of 109,992 shares.The stock last traded at $7.07 and had previously closed at $6.61.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Yiren Digital from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 12th.
Read Our Latest Report on YRD
Yiren Digital Stock Down 0.0 %
The company has a market cap of $664.91 million, a PE ratio of 2.61 and a beta of 0.71. The firm's fifty day simple moving average is $5.39 and its 200-day simple moving average is $5.31.
Hedge Funds Weigh In On Yiren Digital
Institutional investors and hedge funds have recently modified their holdings of the company. AXA S.A. lifted its stake in shares of Yiren Digital by 80.7% during the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company's stock valued at $55,000 after buying an additional 5,165 shares during the period. Two Sigma Investments LP purchased a new position in shares of Yiren Digital during the fourth quarter valued at approximately $61,000. Ballentine Partners LLC purchased a new position in shares of Yiren Digital during the third quarter valued at approximately $78,000. Invesco Ltd. purchased a new position in shares of Yiren Digital during the fourth quarter valued at approximately $71,000. Finally, Creative Planning purchased a new position in shares of Yiren Digital during the third quarter valued at approximately $89,000. Hedge funds and other institutional investors own 1.99% of the company's stock.
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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