Yiren Digital (NYSE:YRD) Rating Lowered to Buy at StockNews.com

StockNews.com lowered shares of Yiren Digital (NYSE:YRD) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.

Yiren Digital Price Performance

Shares of NYSE YRD opened at $6.23 on Monday. The stock has a market capitalization of $541.61 million, a PE ratio of 1.87 and a beta of 0.72. Yiren Digital has a one year low of $2.16 and a one year high of $9.20. The business’s fifty day moving average price is $5.02 and its 200-day moving average price is $4.90.

Yiren Digital (NYSE:YRD) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.65 EPS for the quarter. The business had revenue of $205.93 million for the quarter. Yiren Digital had a net margin of 37.05% and a return on equity of 24.38%.

Yiren Digital Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a yield of 3.5%. Yiren Digital’s dividend payout ratio is 10.21%.

Institutional Trading of Yiren Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Yiren Digital in the 2nd quarter worth about $70,000. EntryPoint Capital LLC bought a new position in shares of Yiren Digital in the first quarter valued at approximately $72,000. Advisors Preferred LLC bought a new position in shares of Yiren Digital in the first quarter valued at approximately $76,000. Banco BTG Pactual S.A. purchased a new position in Yiren Digital during the first quarter valued at approximately $223,000. Finally, Secure Asset Management LLC bought a new stake in Yiren Digital during the 2nd quarter worth approximately $310,000. 1.99% of the stock is currently owned by institutional investors.

Yiren Digital Company Profile

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.