Yiren Digital (NYSE:YRD) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Yiren Digital Ltd. (NYSE:YRD)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.24 and traded as low as $4.71. Yiren Digital shares last traded at $4.80, with a volume of 68,486 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Yiren Digital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th.

Yiren Digital Stock Up 3.7 %

The stock has a market cap of $441.28 million, a PE ratio of 1.73 and a beta of 0.71. The company’s fifty day moving average is $5.23 and its 200 day moving average is $5.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Yiren Digital in the second quarter valued at $70,000. Ballentine Partners LLC purchased a new position in Yiren Digital in the 3rd quarter valued at about $78,000. Creative Planning acquired a new stake in shares of Yiren Digital during the third quarter valued at about $89,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Yiren Digital during the third quarter worth about $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Yiren Digital by 44.0% in 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 in the last quarter. 1.99% of the stock is owned by hedge funds and other 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.