Yuanbao (NASDAQ:YB) Sets New 52-Week Low – Time to Sell?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) reached a new 52-week low on Tuesday. The stock traded as low as $11.00 and last traded at $11.1150, with a volume of 39,111 shares. The stock had previously closed at $11.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $21.80.

Yuanbao Stock Performance

The company has a market cap of $508.10 million, a PE ratio of 2.53 and a beta of 0.56. The company has a 50 day simple moving average of $12.54 and a two-hundred day simple moving average of $15.75.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The business had revenue of $204.92 million during the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%.

Hedge Funds Weigh In On Yuanbao

A hedge fund recently bought a new stake in Yuanbao stock. Ramsey Quantitative Systems bought a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao makes up approximately 0.1% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 26th biggest holding.

Yuanbao Company Profile

Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.