Yunji (NASDAQ:YJ) Stock Jumps 1.2% – Here’s Why

Yunji Inc. Sponsored ADR (NASDAQ:YJ) shares rose 1.2% during trading on Monday. The stock traded as high as $1.7810 and last traded at $1.64. 34,643 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 96,383 shares. The stock had previously closed at $1.62.

Analyst Ratings Changes

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

Yunji Price Performance

The firm has a market cap of $8.08 million, a PE ratio of -0.49 and a beta of 0.42. The firm has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $1.78.

Yunji (NASDAQ:YJ) last released its earnings results on Thursday, August 20th. The company reported ($1.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.87). The firm had revenue of $7.09 million for the quarter, compared to analysts’ expectations of $16.83 million.

About Yunji

Yunji Inc is a China-based social e-commerce company that operates an online platform connecting consumers with branded and private-label merchandise. Its offerings have included food and beverages, household goods, personal care products, apparel, consumer electronics and other everyday products.

The company’s business model combines mobile commerce with social networking and membership-based shopping. Yunji has used member communities, product recommendations and social sharing to support customer engagement and product distribution, while also offering opportunities for individual members to promote products through the platform.

Founded in 2015, Yunji is headquartered in Hangzhou, China.