Shares of Yiren Digital Ltd. (NYSE:YRD - Get Free Report) were down 6.3% on Friday . The company traded as low as $5.85 and last traded at $5.84. Approximately 64,751 shares changed hands during trading, a decline of 35% from the average daily volume of 99,766 shares. The stock had previously closed at $6.23.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Yiren Digital from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 12th.
Read Our Latest Report on YRD
Yiren Digital Stock Down 1.6 %
The firm has a 50 day moving average price of $5.08 and a 200 day moving average price of $5.19. The stock has a market capitalization of $552.70 million, a PE ratio of 2.17 and a beta of 0.71.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Creative Planning purchased a new stake in shares of Yiren Digital during the 3rd quarter valued at $89,000. Ballentine Partners LLC purchased a new stake in Yiren Digital during the third quarter worth about $78,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Yiren Digital by 44.0% in 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 acquiring an additional 78,415 shares during the period. XTX Topco Ltd boosted its stake in Yiren Digital by 34.5% in the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company's stock valued at $118,000 after acquiring an additional 5,294 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Yiren Digital during the 3rd quarter valued at approximately $153,000. 1.99% of the stock is owned by 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.
Further Reading
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