StockNews.com upgraded shares of Yiren Digital (NYSE:YRD – Free Report) from a buy rating to a strong-buy rating in a research report released on Monday.
Yiren Digital Stock Down 4.8 %
Shares of YRD stock opened at $5.75 on Monday. The firm has a market cap of $499.88 million, a price-to-earnings ratio of 1.73 and a beta of 0.72. Yiren Digital has a 12 month low of $2.16 and a 12 month high of $9.20. The stock has a 50-day moving average price of $5.28 and a 200 day moving average price of $4.98.
Yiren Digital (NYSE:YRD – Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.65 EPS for the quarter. Yiren Digital had a return on equity of 24.38% and a net margin of 37.05%. The business had revenue of $205.93 million during the quarter.
Yiren Digital Cuts Dividend
Institutional Investors Weigh In On Yiren Digital
Hedge funds have recently modified their holdings of the business. Ballentine Partners LLC bought a new position in Yiren Digital in the third quarter valued at approximately $78,000. Creative Planning bought a new stake in Yiren Digital in the 3rd quarter valued at $89,000. XTX Topco Ltd bought a new stake in Yiren Digital in the 2nd quarter valued at $70,000. Dimensional Fund Advisors LP boosted its stake in Yiren Digital by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,035 shares of the technology company’s stock worth $4,626,000 after purchasing an additional 90,726 shares during the period. Finally, Acadian Asset Management LLC increased its holdings 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 worth $1,943,000 after purchasing an additional 25,811 shares in the last quarter. Institutional investors and hedge funds own 1.99% of the company’s stock.
Yiren Digital Company Profile
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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