Yirendai (NYSE:YRD) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Yirendai Ltd. (NYSE:YRD) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.11 and traded as low as $3.75. Yirendai shares last traded at $3.8450, with a volume of 52,652 shares traded.

Yirendai Price Performance

The firm has a fifty day simple moving average of $4.11 and a 200 day simple moving average of $5.18. The company has a market cap of $332.25 million, a price-to-earnings ratio of 1.93 and a beta of 0.90.

Yirendai (NYSE:YRD) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.51 earnings per share for the quarter. Yirendai had a net margin of 20.19% and a return on equity of 12.66%. The business had revenue of $218.42 million during the quarter.

Institutional Investors Weigh In On Yirendai

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Catalyst Funds Management Pty Ltd lifted its position in shares of Yirendai by 13.6% during the 2nd quarter. Catalyst Funds Management Pty Ltd now owns 15,900 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,900 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Yirendai by 35.7% during the second quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock worth $140,000 after buying an additional 6,261 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Yirendai by 5,362.0% in the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock valued at $162,000 after acquiring an additional 26,810 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Yirendai by 6.3% in the third quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company’s stock worth $292,000 after acquiring an additional 2,933 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Yirendai in the third quarter worth $337,000. 1.99% of the stock is owned by institutional investors and hedge funds.

About Yirendai

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.