Yirendai (NYSE:YRD) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Yirendai Ltd. (NYSE:YRD)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.80 and traded as low as $0.99. Yirendai shares last traded at $1.0070, with a volume of 43,697 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Yirendai in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Yirendai Stock Down 1.3%

The firm’s 50 day simple moving average is $1.17 and its two-hundred day simple moving average is $1.80. The stock has a market capitalization of $88.10 million, a P/E ratio of -0.85 and a beta of 1.14.

Yirendai (NYSE:YRD) last released its quarterly earnings data on Friday, June 26th. The technology company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($1.20). The company had revenue of $132.73 million for the quarter, compared to the consensus estimate of $237.43 million. Yirendai had a negative return on equity of 7.58% and a negative net margin of 14.35%.

Yirendai declared that its board has authorized a share repurchase program on Thursday, July 2nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Yirendai by 6.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company’s stock valued at $292,000 after purchasing an additional 2,933 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Yirendai by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,471 shares of the technology company’s stock valued at $4,010,000 after buying an additional 4,123 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Yirendai by 35.7% in the second quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock valued at $140,000 after buying an additional 6,261 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of Yirendai by 12.2% during the fourth quarter. Trexquant Investment LP now owns 81,138 shares of the technology company’s stock valued at $300,000 after buying an additional 8,838 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Yirendai by 10.3% during the second quarter. GSA Capital Partners LLP now owns 100,741 shares of the technology company’s stock valued at $84,000 after buying an additional 9,391 shares during the last quarter. Institutional investors own 1.99% of the company’s stock.

Yirendai Company Profile

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.