Yiren Digital (NYSE:YRD) Shares Gap Down – Should You Sell?

Yiren Digital Ltd. (NYSE:YRD)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $8.61, but opened at $7.62. Yiren Digital shares last traded at $7.36, with a volume of 191,558 shares changing hands.

Yiren Digital Stock Performance

The stock’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $5.64. The company has a market capitalization of $603.14 million, a PE ratio of 2.37 and a beta of 0.65.

Yiren Digital (NYSE:YRD) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $0.52 EPS for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%.

Institutional Investors Weigh In On Yiren Digital

A number of large investors have recently modified their holdings of the company. AXA S.A. boosted its holdings in shares of Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock valued at $55,000 after buying an additional 5,165 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Yiren Digital in the 4th quarter valued at $61,000. Invesco Ltd. acquired a new position in shares of Yiren Digital in the 4th quarter valued at $71,000. American Century Companies Inc. acquired a new position in shares of Yiren Digital in the 4th quarter valued at $107,000. Finally, XTX Topco Ltd boosted its holdings in shares of Yiren Digital by 34.5% in the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after buying an additional 5,294 shares in the last quarter. 1.99% of the stock is 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.