Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.16 and traded as low as $4.73. Yiren Digital shares last traded at $4.77, with a volume of 126,462 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Yiren Digital from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th.
Get Our Latest Research Report on YRD
Yiren Digital Trading Down 1.7 %
The business has a 50-day moving average price of $5.15 and a 200-day moving average price of $5.08. The stock has a market cap of $407.94 million, a PE ratio of 1.60 and a beta of 0.72.
Institutional Trading of Yiren Digital
Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted 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 acquiring an additional 90,726 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Yiren Digital by 44.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company's stock worth $1,459,000 after purchasing an additional 78,415 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Yiren Digital in the 3rd quarter worth about $153,000. Acadian Asset Management LLC increased its stake in shares of Yiren Digital by 6.3% in the second quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company's stock worth $1,943,000 after acquiring an additional 25,811 shares during the last quarter. Finally, Creative Planning bought a new stake in Yiren Digital during the third quarter worth approximately $89,000. 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.
See Also
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
