Research analysts at StockNews.com began coverage on shares of Yiren Digital (NYSE:YRD – Get Rating) in a report released on Sunday. The firm set a “strong-buy” rating on the technology company’s stock.
Yiren Digital Trading Up 1.9 %
YRD stock opened at $1.09 on Friday. The company’s 50 day moving average is $1.24 and its 200 day moving average is $1.75. Yiren Digital has a 1-year low of $0.67 and a 1-year high of $4.47. The stock has a market cap of $91.54 million, a price-to-earnings ratio of 0.58 and a beta of 0.39.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Yiren Digital stock. Envestnet Asset Management Inc. purchased a new position in Yiren Digital Ltd. (NYSE:YRD – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,125 shares of the technology company’s stock, valued at approximately $52,000. Institutional investors and hedge funds own 1.59% of the company’s stock.
Yiren Digital Company Profile
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.
- Get a free copy of the StockNews.com research report on Yiren Digital (YRD)
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