Yiren Digital (NYSE:YRD) Trading Up 7.1% – Here’s What Happened

Shares of Yiren Digital Ltd. (NYSE:YRD) shot up 7.1% on Thursday . The company traded as high as $6.14 and last traded at $6.18. 170,982 shares traded hands during trading, an increase of 76% from the average session volume of 97,421 shares. The stock had previously closed at $5.77.

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 Up 6.9 %

The stock has a market cap of $541.29 million, a PE ratio of 2.13 and a beta of 0.71. The business’s fifty day moving average is $5.00 and its 200 day moving average is $5.16.

Institutional Trading of Yiren Digital

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Yiren Digital in the 3rd quarter worth about $153,000. XTX Topco Ltd raised its position in Yiren Digital by 34.5% during the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock worth $118,000 after acquiring an additional 5,294 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yiren Digital by 44.0% in the third 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. Ballentine Partners LLC acquired a new stake in shares of Yiren Digital in the third quarter valued at approximately $78,000. Finally, Creative Planning acquired a new position in shares of Yiren Digital during the 3rd quarter worth approximately $89,000. 1.99% of the stock is currently 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.