Yatsen (NYSE:YSG) Hits New 12-Month High – Here’s Why

Yatsen Holding Limited (NYSE:YSG)’s share price reached a new 52-week high during trading on Saturday . The stock traded as high as $5.26 and last traded at $5.23, with a volume of 333562 shares changing hands. The stock had previously closed at $4.90.

Yatsen Stock Performance

The company has a market cap of $525.20 million, a P/E ratio of -4.80 and a beta of -2.56. The stock has a 50-day simple moving average of $3.56 and a 200 day simple moving average of $3.78.

Institutional Investors Weigh In On Yatsen

Several institutional investors and hedge funds have recently bought and sold shares of YSG. Public Employees Retirement System of Ohio lifted its stake in Yatsen by 1,446.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company’s stock worth $51,000 after purchasing an additional 11,878 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Yatsen in the 4th quarter worth approximately $169,000. Bank of America Corp DE bought a new position in shares of Yatsen during the 4th quarter worth approximately $42,000. BNP Paribas Financial Markets boosted its stake in Yatsen by 22.8% in the 4th quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company’s stock valued at $74,000 after buying an additional 3,435 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Yatsen by 113.8% in the fourth quarter. Jane Street Group LLC now owns 104,785 shares of the company’s stock valued at $417,000 after acquiring an additional 55,766 shares during the period.

Yatsen Company Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby’s Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People’s Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.