Yuanbao (NASDAQ:YB) Stock Jumps 5% – Still a Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price shot up 5% during mid-day trading on Friday. The company traded as high as $11.27 and last traded at $11.6340. 11,642 shares were traded during trading, a decline of 72% from the average session volume of 42,334 shares. The stock had previously closed at $11.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $21.80.

Yuanbao Trading Up 5.0%

The firm has a market capitalization of $524.51 million, a P/E ratio of 2.59 and a beta of 0.56. The stock has a 50-day simple moving average of $12.98 and a two-hundred day simple moving average of $14.55.

Yuanbao (NASDAQ:YB) last posted its earnings results on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. The company had revenue of $204.92 million during the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.

Institutional Investors Weigh In On Yuanbao

An institutional investor recently bought a new stake in Yuanbao stock. Ramsey Quantitative Systems bought a new stake in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao accounts for about 0.1% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 26th largest position.

Yuanbao Company Profile

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.