Yunji (NASDAQ:YJ) Reaches New 12-Month Low at $8.99

Yunji Inc (NASDAQ:YJ) hit a new 52-week low on Wednesday . The stock traded as low as $8.99 and last traded at $9.30, with a volume of 68202 shares trading hands. The stock had previously closed at $9.94.

Several equities research analysts recently issued reports on YJ shares. Credit Suisse Group started coverage on Yunji in a research note on Wednesday, July 3rd. They set an “outperform” rating and a $14.50 price objective for the company. JPMorgan Chase & Co. started coverage on Yunji in a research note on Thursday, June 13th. They set an “overweight” rating and a $14.00 price objective for the company. Finally, Morgan Stanley started coverage on Yunji in a research note on Tuesday, May 28th. They set an “overweight” rating and a $14.70 price objective for the company.

The business’s 50 day simple moving average is $10.57.

Yunji (NASDAQ:YJ) last posted its quarterly earnings data on Tuesday, June 4th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $502.79 million during the quarter. Research analysts anticipate that Yunji Inc will post -0.1 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Morgan Stanley bought a new stake in Yunji during the second quarter worth about $82,000. Picton Mahoney Asset Management bought a new stake in Yunji during the second quarter worth about $396,000. Finally, Yong Rong HK Asset Management Ltd bought a new stake in Yunji during the second quarter worth about $22,374,000. 6.25% of the stock is owned by institutional investors.

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

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