Yiren Digital Ltd. (NYSE:YRD – Get Free Report)’s stock price traded up 7.9% during trading on Friday . The company traded as high as $7.28 and last traded at $7.36. 35,307 shares were traded during trading, a decline of 72% from the average session volume of 125,307 shares. The stock had previously closed at $6.82.
Yiren Digital Price Performance
The company has a market cap of $641.74 million, a price-to-earnings ratio of 2.52 and a beta of 0.65. The business’s fifty day moving average price is $6.06 and its 200 day moving average price is $5.56.
Hedge Funds Weigh In On Yiren Digital
Hedge funds and other institutional investors have recently bought and sold shares of the company. AXA S.A. lifted its holdings in Yiren Digital by 80.7% in the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock valued at $55,000 after buying an additional 5,165 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $61,000. Invesco Ltd. purchased a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $71,000. American Century Companies Inc. purchased a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $107,000. Finally, XTX Topco Ltd increased its position in shares of Yiren Digital by 34.5% during the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after acquiring an additional 5,294 shares during the last quarter. Institutional investors and hedge funds own 1.99% of the company’s stock.
About Yiren Digital
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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