Shares of So-Young International Inc – (NASDAQ:SY) hit a new 52-week low during trading on Wednesday . The company traded as low as $8.53 and last traded at $8.55, with a volume of 199850 shares. The stock had previously closed at $8.79.
Separately, CLSA started coverage on shares of So-Young International in a research note on Monday, August 5th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a buy rating, So-Young International has a consensus rating of “Buy” and a consensus target price of $19.17.
The company has a 50 day moving average of $11.35. The company has a current ratio of 6.76, a quick ratio of 6.76 and a debt-to-equity ratio of 0.06.
Several hedge funds have recently made changes to their positions in SY. TB Alternative Assets Ltd. bought a new stake in shares of So-Young International in the second quarter worth approximately $173,890,000. BlackRock Inc. bought a new stake in So-Young International during the second quarter valued at approximately $20,831,000. Allianz Asset Management GmbH bought a new stake in So-Young International during the second quarter valued at approximately $8,439,000. Yong Rong HK Asset Management Ltd bought a new stake in So-Young International during the second quarter valued at approximately $8,212,000. Finally, Elephas Investment Management Ltd bought a new stake in So-Young International during the second quarter valued at approximately $5,501,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.
About So-Young International (NASDAQ:SY)
So-Young International Inc operates an online platform for discovering, evaluating, and reserving medical aesthetic services. The company facilitates research for treatments, read reviews about them, and book appointments on the platform and blog under the name Beauty Diaries. Its platform enables users to discover content and share their own experience on medical aesthetics procedures, and leads users to reserve treatment services from medical aesthetic service providers for offline treatment in China and internationally.
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