StockNews.com upgraded shares of Yiren Digital (NYSE:YRD – Free Report) from a buy rating to a strong-buy rating in a report published on Thursday morning.
Yiren Digital Price Performance
Yiren Digital stock opened at $5.77 on Thursday. The company’s 50-day moving average is $5.41 and its 200-day moving average is $5.02. The firm has a market capitalization of $501.59 million, a PE ratio of 1.82 and a beta of 0.72. Yiren Digital has a fifty-two week low of $2.16 and a fifty-two week high of $9.20.
Yiren Digital (NYSE:YRD – Get Free Report) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $205.93 million during the quarter. Yiren Digital had a return on equity of 24.38% and a net margin of 37.05%.
Yiren Digital Cuts Dividend
Institutional Investors Weigh In On Yiren Digital
Several hedge funds have recently bought and sold shares of YRD. XTX Topco Ltd bought a new position in shares of Yiren Digital during the second quarter worth approximately $70,000. EntryPoint Capital LLC acquired a new position in Yiren Digital in the 1st quarter valued at $72,000. Advisors Preferred LLC bought a new position in Yiren Digital during the 1st quarter worth $76,000. Ballentine Partners LLC acquired a new stake in shares of Yiren Digital during the third quarter worth $78,000. Finally, Creative Planning bought a new stake in shares of Yiren Digital in the third quarter valued at about $89,000. 1.99% of the stock is currently owned by institutional investors and hedge funds.
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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