Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price was up 7.1% during trading on Thursday . The stock traded as high as $6.14 and last traded at $6.18. Approximately 170,982 shares changed hands during trading, an increase of 76% from the average daily volume of 97,421 shares. The stock had previously closed at $5.77.
Analysts Set New Price Targets
Separately, StockNews.com cut Yiren Digital from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 12th.
Check Out Our Latest Stock Analysis on YRD
Yiren Digital Price Performance
The company has a 50 day moving average price of $5.04 and a 200-day moving average price of $5.18. The stock has a market capitalization of $562.34 million, a PE ratio of 2.21 and a beta of 0.71.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in YRD. XTX Topco Ltd boosted its holdings in shares of Yiren Digital by 34.5% during the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company's stock valued at $118,000 after buying an additional 5,294 shares in the last quarter. Ballentine Partners LLC bought a new stake in Yiren Digital during the third quarter worth about $78,000. Creative Planning purchased a new stake in Yiren Digital in the third quarter worth about $89,000. Public Employees Retirement System of Ohio bought a new position in shares of Yiren Digital during the third quarter valued at approximately $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 valued at $1,459,000 after purchasing an additional 78,415 shares during the last quarter. 1.99% of the stock is currently owned by institutional investors.
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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