Yiren Digital (NYSE:YRD) Rating Lowered to Buy at StockNews.com

Yiren Digital (NYSE:YRD) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Yiren Digital Trading Down 4.4 %

YRD traded down $0.27 on Tuesday, hitting $5.92. 115,682 shares of the company’s stock traded hands, compared to its average volume of 145,650. Yiren Digital has a one year low of $2.19 and a one year high of $9.20. The company’s 50 day simple moving average is $5.59 and its 200-day simple moving average is $5.07. The firm has a market cap of $514.63 million, a price-to-earnings ratio of 1.87 and a beta of 0.72.

Yiren Digital (NYSE:YRD) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $0.65 EPS for the quarter. Yiren Digital had a net margin of 37.05% and a return on equity of 24.38%. The firm had revenue of $205.93 million for the quarter.

Institutional Trading of Yiren Digital

Several institutional investors have recently made changes to their positions in YRD. Ballentine Partners LLC acquired a new position in shares of Yiren Digital in the 3rd quarter valued at $78,000. XTX Topco Ltd purchased a new position in shares of Yiren Digital during the second quarter valued at approximately $70,000. Creative Planning acquired a new position in shares of Yiren Digital in the 3rd quarter valued at $89,000. EntryPoint Capital LLC acquired a new stake in shares of Yiren Digital in the first quarter worth $72,000. Finally, Acadian Asset Management LLC increased its stake 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 buying an additional 25,811 shares during the period. Hedge funds and other institutional investors own 1.99% of the company’s stock.

About Yiren Digital

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.