Yiren Digital (NYSE:YRD) Upgraded at StockNews.com

Yiren Digital (NYSE:YRD) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Yiren Digital Trading Up 9.1 %

NYSE YRD opened at $5.66 on Friday. Yiren Digital has a 12 month low of $2.16 and a 12 month high of $5.80. The stock has a market cap of $492.05 million, a P/E ratio of 1.70 and a beta of 0.69. The stock’s fifty day moving average price is $4.62 and its 200-day moving average price is $4.80.

Yiren Digital (NYSE:YRD) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.65 EPS for the quarter. Yiren Digital had a return on equity of 24.38% and a net margin of 37.05%. The company had revenue of $205.93 million for the quarter.

Institutional Investors Weigh In On Yiren Digital

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its holdings in Yiren Digital by 63.9% in the first quarter. Acadian Asset Management LLC now owns 407,139 shares of the technology company’s stock valued at $1,817,000 after acquiring an additional 158,772 shares during the period. RFG Advisory LLC bought a new position in Yiren Digital in the first quarter valued at about $715,000. Secure Asset Management LLC bought a new position in Yiren Digital in the second quarter valued at about $310,000. EntryPoint Capital LLC bought a new position in Yiren Digital in the first quarter valued at about $72,000. Finally, Advisors Preferred LLC bought a new position in Yiren Digital in the first quarter valued at about $76,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

Yiren Digital Company Profile

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.