Yuanbao (NASDAQ:YB) Shares Climb 7.5% – Here’s Why

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price was up 7.5% during trading on Friday. The company traded as high as $11.39 and last traded at $11.63. Approximately 354 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 40,794 shares. The stock had previously closed at $10.82.

Wall Street Analyst Weigh In

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

Yuanbao Price Performance

The company has a 50-day simple moving average of $11.89 and a 200-day simple moving average of $15.19. The stock has a market cap of $529.24 million, a PE ratio of 2.61 and a beta of 0.67.

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

Institutional Trading of Yuanbao

A hedge fund recently raised its position in Yuanbao stock. Ramsey Quantitative Systems increased its stake in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) by 72.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,073 shares of the company’s stock after buying an additional 7,584 shares during the period. Yuanbao comprises 0.2% of Ramsey Quantitative Systems’ portfolio, making the stock its 10th largest holding. Ramsey Quantitative Systems’ holdings in Yuanbao were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

About Yuanbao

Yuanbao Inc. is a China-based insurance technology company that operates a digital platform for distributing insurance products. Its platform connects consumers with coverage offered by insurance companies, with a focus on health and related insurance products. The company uses digital tools and data analytics to support product recommendations, customer engagement and policy services. It also provides technology and distribution services to insurance partners. Yuanbao’s business primarily serves consumers and insurance providers in China through online channels.