Yirendai (NYSE:YRD) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, June 26th, ValuEngine reports.
Several other equities analysts have also recently issued reports on the stock. Macquarie cut shares of Yirendai from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 21st. Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Yirendai currently has an average rating of “Hold” and a consensus price target of $15.00.
Shares of YRD traded down $0.12 during trading hours on Wednesday, hitting $12.08. The stock had a trading volume of 200,531 shares, compared to its average volume of 216,802. The business’s 50-day moving average is $13.92. Yirendai has a fifty-two week low of $9.61 and a fifty-two week high of $21.55. The firm has a market cap of $762.65 million, a price-to-earnings ratio of 2.70 and a beta of 2.70.
Yirendai Company Profile
Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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