Yiren Digital (NYSE:YRD) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Yiren Digital (NYSE:YRDGet Rating) in a note issued to investors on Saturday. The firm set a “strong-buy” rating on the technology company’s stock.

Shares of Yiren Digital stock opened at $1.82 on Friday. The firm has a market capitalization of $152.85 million, a PE ratio of 7.00 and a beta of 0.62. Yiren Digital has a twelve month low of $1.63 and a twelve month high of $6.60. The firm’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-to-equity ratio of 0.23.

A number of institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Yiren Digital in the third quarter worth $141,000. Marshall Wace LLP lifted its position in Yiren Digital by 152.8% in the third quarter. Marshall Wace LLP now owns 63,979 shares of the technology company’s stock valued at $193,000 after acquiring an additional 38,673 shares during the last quarter. Millennium Management LLC purchased a new stake in Yiren Digital in the second quarter valued at $219,000. MARSHALL WACE ASIA Ltd purchased a new stake in Yiren Digital in the third quarter valued at $62,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Yiren Digital in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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 provides 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 loan, which include secured financial leasing, auto-secured, and property-secured loans; and small business loans.

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