Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report)’s share price traded down 4.7% on Tuesday. The company traded as low as $11.52 and last traded at $11.5270. 658 shares changed hands during trading, a decline of 98% from the average session volume of 42,355 shares. The stock had previously closed at $12.10.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $21.80.
Read Our Latest Stock Analysis on YB
Yuanbao Price Performance
Yuanbao (NASDAQ:YB – Get Free Report) last posted its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%. The company had revenue of $204.92 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Yuanbao stock. Royal Bank of Canada purchased a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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.
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