Yiren Digital (NYSE:YRD) receives new coverage from StockNews.com analysts
StockNews.com began covering stocks of Yiren Digital (NYSE:YRD – Get a Rating) in a note released Saturday to investors. The firm has set a “strong buy” rating on shares of the technology company.
Shares of Yiren Digital opened at $1.82 on Friday. The company has a market capitalization of $152.85 million, a PE ratio of 7.00 and a beta of 0.62. Yiren Digital has a 12-month low of $1.63 and a 12-month high of $6.60. The company’s 50-day moving average price is $2.17 and its 200-day moving average price is $2.64. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt ratio of 0.23.
A number of institutional investors have been buying and selling stocks recently. Connor Clark & Lunn Investment Management Ltd. acquired a new stock position in Yiren Digital in the third quarter worth $141,000. Marshall Wace LLP increased its position in Yiren Digital by 152.8% in the third quarter. Marshall Wace LLP now owns 63,979 shares of the technology company valued at $193,000 after acquiring 38,673 additional shares in the last quarter. Millennium Management LLC bought a new stake in Yiren Digital in the second quarter worth $219,000. MARSHALL WACE ASIA Ltd acquired a new stake in Yiren Digital in the third quarter worth $62,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Yiren Digital in the fourth quarter worth $52,000. Hedge funds and other institutional investors hold 1.76% of the company’s shares.
Yiren Digital Company Profile (Get an assessment)
Yiren Digital Ltd., through its subsidiaries, operates as an online consumer credit marketplace that connects borrowers and investors in the People’s Republic of China. It provides loan facilitation services; and post-issue services, such as cash handling, collection and SMS services. The Company’s loan product portfolio includes unsecured consumer loans; secured consumer loans, which include secured leasing, self-secured loans, and property-secured loans; and small business loans.
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