Yunji (NASDAQ:YJ) Stock Price Down 11.5%

Yunji Inc. (NASDAQ:YJ) dropped 11.5% during mid-day trading on Tuesday . The company traded as low as $2.38 and last traded at $2.62. Approximately 1,012,006 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,402,203 shares. The stock had previously closed at $2.96.

YJ has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of Yunji from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 30th. Zacks Investment Research upgraded shares of Yunji from a “sell” rating to a “hold” rating in a research report on Tuesday, February 2nd.

The firm’s 50 day moving average price is $2.65 and its two-hundred day moving average price is $2.34. The company has a market cap of $565.03 million, a P/E ratio of -65.50 and a beta of 1.23.

Yunji (NASDAQ:YJ) last released its quarterly earnings data on Thursday, November 26th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $157.11 million during the quarter. Yunji had a negative net margin of 0.96% and a negative return on equity of 0.24%. On average, analysts predict that Yunji Inc. will post 0.19 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in Yunji during the 4th quarter valued at $31,000. Credit Suisse AG bought a new stake in Yunji during the 4th quarter valued at $34,000. Renaissance Technologies LLC increased its stake in Yunji by 42.5% during the 4th quarter. Renaissance Technologies LLC now owns 227,100 shares of the company’s stock valued at $420,000 after purchasing an additional 67,700 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Yunji during the 4th quarter valued at $297,000. Finally, Seaport Global Asset Management LLC bought a new stake in Yunji during the 3rd quarter valued at $639,000. Institutional investors own 6.26% of the company’s stock.

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, cloths, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances.

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