StockNews.com Upgrades Yiren Digital (NYSE:YRD) to Strong-Buy

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

Yiren Digital Stock Performance

NYSE YRD opened at $6.04 on Monday. Yiren Digital has a fifty-two week low of $2.16 and a fifty-two week high of $9.20. The stock has a market cap of $525.09 million, a PE ratio of 1.81 and a beta of 0.72. The firm’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $4.98.

Yiren Digital (NYSE:YRD) 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%.

Institutional Trading of Yiren Digital

Several institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its position in shares of Yiren Digital by 63.9% in the 1st quarter. Acadian Asset Management LLC now owns 407,139 shares of the technology company’s stock worth $1,817,000 after purchasing an additional 158,772 shares during the period. RFG Advisory LLC bought a new stake in Yiren Digital during the first quarter valued at $715,000. Dimensional Fund Advisors LP raised its position in shares of 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 acquiring an additional 90,726 shares in the last quarter. Secure Asset Management LLC acquired a new position in shares of Yiren Digital in the 2nd quarter valued at about $310,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Yiren Digital during the 1st quarter valued at about $223,000. 1.99% of the stock is currently owned by institutional investors.

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.