Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.24 and traded as low as $4.71. Yiren Digital shares last traded at $4.80, with a volume of 68,486 shares.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Yiren Digital from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th.
Check Out Our Latest Stock Report on YRD
Yiren Digital Trading Up 1.0 %
The stock's fifty day moving average price is $5.23 and its 200 day moving average price is $5.08. The stock has a market cap of $425.49 million, a P/E ratio of 1.67 and a beta of 0.71.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Yiren Digital by 9.8% in 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 period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Yiren Digital by 44.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company's stock valued at $1,459,000 after buying an additional 78,415 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Yiren Digital in the 3rd quarter worth about $153,000. Acadian Asset Management LLC lifted its position in Yiren Digital by 6.3% during the 2nd quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company's stock valued at $1,943,000 after acquiring an additional 25,811 shares during the period. Finally, Creative Planning bought a new stake in Yiren Digital during the third quarter worth about $89,000. 1.99% of the stock is owned by hedge funds and other institutional investors.
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.
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