Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.09 and traded as low as $4.60. Yiren Digital shares last traded at $4.80, with a volume of 116,550 shares changing hands.
Separately, StockNews.com downgraded Yiren Digital from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th.
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The firm's 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.09. The stock has a market cap of $417.29 million, a price-to-earnings ratio of 1.66 and a beta of 0.71.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Yiren Digital by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,035 shares of the technology company's stock valued at $4,626,000 after buying an additional 90,726 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Yiren Digital by 44.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company's stock worth $1,459,000 after acquiring an additional 78,415 shares during the last quarter. Secure Asset Management LLC purchased a new stake in Yiren Digital in the second quarter valued at $310,000. Public Employees Retirement System of Ohio acquired a new position in shares of Yiren Digital in the 3rd quarter valued at $153,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Yiren Digital by 6.3% in the 2nd quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company's stock valued at $1,943,000 after purchasing an additional 25,811 shares during the last quarter. 1.99% of the stock is currently owned by institutional investors and hedge funds.
Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.
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