Yunji (NASDAQ:YJ) Shares Down 5.4% – Here’s Why

Yunji Inc. Sponsored ADR (NASDAQ:YJ) shares were down 5.4% during mid-day trading on Monday. The stock traded as low as $1.22 and last traded at $1.23. 78,742 shares changed hands during trading, a decline of 94% from the average session volume of 1,360,670 shares. The stock had previously closed at $1.30.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Yunji from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Yunji Stock Performance

The company’s fifty day simple moving average is $2.05 and its two-hundred day simple moving average is $1.70. The company has a market capitalization of $6.06 million, a price-to-earnings ratio of -0.36 and a beta of 0.42.

Yunji (NASDAQ:YJ) last issued its quarterly earnings results on Thursday, August 20th. The company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.87). The firm had revenue of $7.09 million for the quarter, compared to analyst estimates of $16.83 million.

Hedge Funds Weigh In On Yunji

An institutional investor recently raised its stake in Yunji stock. TB Alternative Assets Ltd. grew its stake in shares of Yunji Inc. Sponsored ADR (NASDAQ:YJ) by 548.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,383 shares of the company’s stock after buying an additional 176,245 shares during the quarter. TB Alternative Assets Ltd. owned about 4.23% of Yunji worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

About Yunji

Yunji Inc operates a social e-commerce platform in China that enables consumers to purchase products through online communities and member-driven shopping experiences. The company’s platform is designed to connect consumers with merchants and brands while encouraging product discovery and sharing through social networks.

Yunji offers a range of consumer products, including apparel, household goods, food and beverages, personal care products, beauty items, and other everyday merchandise.