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

Yiren Digital (NYSE:YRD) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Yiren Digital Price Performance

YRD stock opened at $4.66 on Friday. The firm has a market capitalization of $404.66 million, a P/E ratio of 1.40 and a beta of 0.69. Yiren Digital has a 52-week low of $2.16 and a 52-week high of $5.80. The company’s 50 day simple moving average is $4.63 and its 200-day simple moving average is $4.81.

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

Institutional Trading of Yiren Digital

Large investors have recently added to or reduced their stakes in the business. RFG Advisory LLC acquired a new stake in shares of Yiren Digital in the first quarter worth about $715,000. Advisors Preferred LLC bought a new position in shares of Yiren Digital in the 1st quarter valued at approximately $76,000. Banco BTG Pactual S.A. acquired a new stake in Yiren Digital in the 1st quarter worth approximately $223,000. Acadian Asset Management LLC lifted its holdings in 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 last quarter. Finally, EntryPoint Capital LLC bought a new stake in Yiren Digital during the first quarter worth approximately $72,000. 1.99% of the stock is 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.