Yiren Digital Ltd. (NYSE:YRD – Get Free Report) shares were up 7.9% on Friday . The stock traded as high as $7.28 and last traded at $7.36. Approximately 35,307 shares were traded during trading, a decline of 72% from the average daily volume of 125,307 shares. The stock had previously closed at $6.82.
Yiren Digital Trading Up 7.3 %
The firm’s 50 day moving average price is $6.06 and its two-hundred day moving average price is $5.56. The company has a market capitalization of $641.74 million, a P/E ratio of 2.52 and a beta of 0.65.
Hedge Funds Weigh In On Yiren Digital
Hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yiren Digital by 33.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock worth $1,641,000 after buying an additional 85,414 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock worth $5,225,000 after acquiring an additional 30,641 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Yiren Digital during the 4th quarter worth approximately $138,000. Public Employees Retirement System of Ohio bought a new position in Yiren Digital in the 3rd quarter valued at approximately $153,000. Finally, American Century Companies Inc. bought a new position in Yiren Digital in the 4th quarter valued at approximately $107,000. 1.99% of the stock is owned by institutional investors.
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.
Read More
- Five stocks we like better than Yiren Digital
- 5 discounted opportunities for dividend growth investors
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Why Invest in High-Yield Dividend Stocks?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Yiren Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yiren Digital and related companies with MarketBeat.com's FREE daily email newsletter.
