Yunji Inc (NASDAQ:YJ)’s stock price traded up 5.3% during mid-day trading on Monday . The company traded as high as $4.38 and last traded at $4.16, 341,604 shares were traded during mid-day trading. An increase of 83% from the average session volume of 187,098 shares. The stock had previously closed at $3.95.
Separately, JPMorgan Chase & Co. lowered shares of Yunji from an “overweight” rating to a “neutral” rating in a report on Thursday, August 29th.
The company has a quick ratio of 1.35, a current ratio of 1.65 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average is $4.80 and its two-hundred day moving average is $8.29.
Institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in shares of Yunji in the third quarter valued at approximately $27,000. Morgan Stanley acquired a new stake in shares of Yunji in the second quarter valued at approximately $82,000. Picton Mahoney Asset Management increased its holdings in shares of Yunji by 35.7% in the third quarter. Picton Mahoney Asset Management now owns 47,500 shares of the company’s stock valued at $326,000 after purchasing an additional 12,500 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Yunji by 629.5% in the third quarter. Millennium Management LLC now owns 214,530 shares of the company’s stock valued at $1,473,000 after purchasing an additional 185,121 shares in the last quarter. Finally, Yiheng Capital LLC acquired a new stake in shares of Yunji in the second quarter valued at approximately $6,215,000. 7.48% of the stock is owned by institutional investors and hedge funds.
Yunji Company Profile (NASDAQ:YJ)
Yunji Inc operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances.
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