Yuanbao (NASDAQ:YB) Sets New 1-Year Low – Here’s Why

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) reached a new 52-week low during trading on Thursday. The company traded as low as $11.55 and last traded at $11.7450, with a volume of 8,609 shares changing hands. The stock had previously closed at $12.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Yuanbao currently has an average rating of “Reduce” and an average target price of $21.80.

Yuanbao Stock Performance

The company has a market capitalization of $545.47 million, a PE ratio of 2.69 and a beta of 0.56. The stock has a 50 day moving average price of $13.19 and a two-hundred day moving average price of $14.73.

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

Hedge Funds Weigh In On Yuanbao

A hedge fund recently bought a new position in Yuanbao stock. Royal Bank of Canada bought a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,079 shares of the company’s stock, valued at approximately $72,000.

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.