Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $12.01 and last traded at $12.2450, with a volume of 2464 shares trading hands. The stock had previously closed at $12.13.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Yuanbao presently has an average rating of “Hold” and a consensus price target of $21.80.
Read Our Latest Stock Analysis on YB
Yuanbao Trading Up 0.1%
Yuanbao (NASDAQ:YB – Get Free Report) last announced its earnings results on Friday, September 11th. The company reported $1.26 EPS for the quarter. The business 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
An institutional investor recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems purchased a new position in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao comprises about 0.1% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 26th largest holding.
About Yuanbao
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 and mobile channels to connect consumers with insurance offerings from participating insurers.
Yuanbao’s business primarily focuses on health and life insurance products, along with related digital insurance services. Its platform is designed to support product discovery, application, and policy management, while helping insurance providers reach individual customers through technology-enabled distribution.
The company serves customers in China through its online platform.
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