Yiren Digital (NYSE:YRD) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Yiren Digital Ltd. (NYSE:YRD)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.16 and traded as low as $4.73. Yiren Digital shares last traded at $4.77, with a volume of 126,462 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded Yiren Digital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th.

Yiren Digital Stock Performance

The firm has a fifty day moving average of $5.15 and a 200 day moving average of $5.08. The firm has a market capitalization of $418.47 million, a PE ratio of 1.64 and a beta of 0.72.

Institutional Investors Weigh In On Yiren Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Yiren Digital during the third quarter valued at about $78,000. XTX Topco Ltd acquired a new stake in Yiren Digital during the 2nd quarter valued at approximately $70,000. Creative Planning purchased a new stake in Yiren Digital during the 3rd quarter worth approximately $89,000. Public Employees Retirement System of Ohio acquired a new position in shares of Yiren Digital in the 3rd quarter valued at approximately $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Yiren Digital by 44.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 78,415 shares in the last quarter. Hedge funds and other institutional investors own 1.99% of the company’s stock.

About Yiren Digital

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.