Yiren Digital (YRD) to Release Earnings on Tuesday

Yiren Digital (NYSE:YRD) is set to post its quarterly earnings results before the market opens on Tuesday, November 21st.

Yiren Digital (NYSE:YRD) last posted its earnings results on Thursday, August 17th. The technology company reported $0.81 EPS for the quarter. Yiren Digital had a return on equity of 27.36% and a net margin of 40.40%. The company had revenue of $182.62 million for the quarter.

Yiren Digital Price Performance

NYSE:YRD opened at $2.60 on Friday. Yiren Digital has a 52 week low of $0.83 and a 52 week high of $3.85. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $233.53 million, a P/E ratio of 0.96 and a beta of 0.77. The stock’s fifty day moving average is $2.36 and its two-hundred day moving average is $2.40.

Institutional Investors Weigh In On Yiren Digital

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Yiren Digital by 116.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 68,143 shares of the technology company’s stock valued at $58,000 after buying an additional 36,638 shares during the period. Citadel Advisors LLC acquired a new position in Yiren Digital during the 3rd quarter worth $26,000. Finally, Dimensional Fund Advisors LP grew its stake in Yiren Digital by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 854,757 shares of the technology company’s stock worth $2,173,000 after purchasing an additional 6,293 shares in the last quarter. Hedge funds and other institutional investors own 1.31% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Yiren Digital from a “strong-buy” rating to a “buy” rating in a report on Monday, November 13th.

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. The company operates through Wealth, Credit, and Other segments. It offers loan facilitation services; and post-origination services, such as cash processing, collection, and SMS services.