Yiren Digital (NYSE:YRD) Upgraded to “Strong-Buy” at StockNews.com

Yiren Digital (NYSE:YRD) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Yiren Digital Stock Performance

NYSE:YRD opened at $5.72 on Thursday. The stock has a market capitalization of $497.27 million, a P/E ratio of 1.72 and a beta of 0.72. The company has a 50 day moving average price of $5.35 and a 200 day moving average price of $5.00. Yiren Digital has a fifty-two week low of $2.16 and a fifty-two week high of $9.20.

Yiren Digital (NYSE:YRD) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.65 earnings per share 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 during the quarter.

Institutional Investors Weigh In On Yiren Digital

Hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC acquired a new stake in shares of Yiren Digital in the 3rd quarter valued at $78,000. XTX Topco Ltd acquired a new stake in Yiren Digital during the 2nd quarter worth $70,000. Advisors Preferred LLC acquired a new stake in Yiren Digital during the 1st quarter worth $76,000. Creative Planning acquired a new stake in Yiren Digital during the 3rd quarter worth $89,000. Finally, EntryPoint Capital LLC acquired a new stake in Yiren Digital during the 1st quarter worth $72,000. 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.