Yiren Digital (NYSE:YRD) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Yiren Digital (NYSE:YRDGet Rating) in a research report released on Monday morning. The brokerage issued a strong-buy rating on the technology company’s stock.

Yiren Digital Price Performance

Shares of NYSE:YRD opened at $1.40 on Monday. The business has a 50-day moving average of $1.05 and a two-hundred day moving average of $1.35. The stock has a market capitalization of $119.48 million, a P/E ratio of 0.74 and a beta of 0.23. Yiren Digital has a fifty-two week low of $0.67 and a fifty-two week high of $3.76.

Yiren Digital (NYSE:YRDGet Rating) last issued its quarterly earnings results on Tuesday, August 30th. The technology company reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $160.21 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in shares of Yiren Digital during the 3rd quarter worth about $26,000. Dimensional Fund Advisors LP increased its holdings in shares of Yiren Digital by 0.7% during the first 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 during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Yiren Digital by 34.0% during the first quarter. Envestnet Asset Management Inc. now owns 24,289 shares of the technology company’s stock worth $62,000 after purchasing an additional 6,164 shares during the period. Institutional investors and hedge funds own 1.59% of the company’s stock.

Yiren Digital Company Profile

(Get Rating)

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. It offers loan facilitation services; and post-origination services, such as cash processing, collection, and SMS services. The company's loan products portfolio includes unsecured consumer loans; secured consumer loans, which include secured financial leasing, auto-secured, and property-secured loans; and small business loans.

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