Yiren Digital (NYSE:YRD) Trading Down 9.2%

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Yiren Digital Ltd. (NYSE:YRD)’s share price was down 9.2% on Tuesday . The stock traded as low as $4.60 and last traded at $5.22. Approximately 504,034 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 395,041 shares. The stock had previously closed at $5.75.

Separately, TheStreet raised shares of Yiren Digital from a “d+” rating to a “c-” rating in a report on Friday, February 12th.

The firm’s 50-day moving average is $4.12 and its 200-day moving average is $3.52. The company has a market capitalization of $483.16 million, a PE ratio of 8.16 and a beta of 1.36. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Yiren Digital (NYSE:YRD) last announced its earnings results on Thursday, November 26th. The technology company reported $0.13 earnings per share (EPS) for the quarter. Yiren Digital had a net margin of 6.80% and a return on equity of 10.44%. The company had revenue of $150.64 million during the quarter.

A hedge fund recently bought a new stake in Yiren Digital stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Yiren Digital Ltd. (NYSE:YRD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,832 shares of the technology company’s stock, valued at approximately $44,000. 4.92% of the stock is owned by hedge funds and other institutional investors.

About Yiren Digital (NYSE:YRD)

Yiren Digital Ltd., through its subsidiaries, operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. The company provides loan facilitation services; post-origination services, such as cash processing, collection, and SMS services; and automated investing tool for investors to invest in loans through its marketplace, and self-directed investing tool that enables investors to select lending opportunities to approved borrowers that are posted on its marketplace.

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