Yiren Digital (NYSE:YRD) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Yiren Digital (NYSE:YRDGet Rating) in a report published on Monday. The firm issued a strong-buy rating on the technology company’s stock.

Yiren Digital Price Performance

YRD opened at $1.46 on Monday. The business has a fifty day simple moving average of $1.07 and a 200 day simple moving average of $1.35. The company has a market capitalization of $124.60 million, a PE ratio of 0.81 and a beta of 0.23. Yiren Digital has a 1 year low of $0.67 and a 1 year high of $3.76.

Yiren Digital (NYSE:YRDGet Rating) last released its quarterly earnings results on Tuesday, August 30th. The technology company reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $160.21 million during the quarter.

Institutional Trading of Yiren Digital

A number of institutional investors have recently modified their holdings of YRD. Citadel Advisors LLC bought a new stake in shares of Yiren Digital during the 3rd quarter valued at $26,000. Dimensional Fund Advisors LP lifted its position in shares of Yiren Digital by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 854,757 shares of the technology company’s stock valued at $2,173,000 after acquiring an additional 6,293 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Yiren Digital by 34.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 24,289 shares of the technology company’s stock valued at $62,000 after acquiring an additional 6,164 shares during the period. 1.59% of the stock is currently owned by institutional investors.

Yiren Digital Company Profile

(Get Rating)

Yiren Digital Ltd., through its subsidiaries, operates as an online consumer finance marketplace that connects borrowers and investors in the People's Republic of China. It offers loan facilitation services; and post-origination services, such as cash processing, collection, and SMS services. The company's loan products portfolio includes unsecured consumer loans; secured consumer loans, which include secured financial leasing, auto-secured, and property-secured loans; and small business loans.

Further Reading

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