Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price was up 8.9% during trading on Wednesday . The stock traded as high as $7.00 and last traded at $6.98. Approximately 59,286 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 130,050 shares. The stock had previously closed at $6.41.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Yiren Digital from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th.
Check Out Our Latest Research Report on YRD
Yiren Digital Trading Down 0.1 %
The firm's 50-day moving average price is $5.86 and its 200 day moving average price is $5.50. The company has a market capitalization of $608.40 million, a price-to-earnings ratio of 2.39 and a beta of 0.65.
Hedge Funds Weigh In On Yiren Digital
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Yiren Digital by 33.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company's stock worth $1,641,000 after purchasing an additional 85,414 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company's stock worth $5,225,000 after purchasing an additional 30,641 shares in the last quarter. Trexquant Investment LP acquired a new position in Yiren Digital during the 4th quarter worth approximately $138,000. Public Employees Retirement System of Ohio acquired a new position in Yiren Digital during the 3rd quarter worth approximately $153,000. Finally, American Century Companies Inc. acquired a new position in Yiren Digital during the 4th quarter worth approximately $107,000. 1.99% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
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 when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
