Yunji Inc. (NASDAQ:YJ – Get Rating) traded down 5.9% during trading on Monday . The company traded as low as $0.35 and last traded at $0.35. 79,413 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 263,623 shares. The stock had previously closed at $0.37.
Yunji Stock Down 5.9 %
The firm has a market cap of $75.13 million, a price-to-earnings ratio of -3.18 and a beta of 0.59. The company’s 50-day moving average price is $0.46 and its 200-day moving average price is $0.65.
Institutional Trading of Yunji
A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new stake in Yunji in the first quarter valued at approximately $31,000. Renaissance Technologies LLC boosted its stake in Yunji by 161.4% during the 1st quarter. Renaissance Technologies LLC now owns 153,200 shares of the company’s stock worth $156,000 after purchasing an additional 94,600 shares during the period. Finally, Forager Funds Management Pty Ltd purchased a new position in Yunji during the 3rd quarter worth $765,000. Hedge funds and other institutional investors own 1.76% of the company’s stock.
About Yunji
Yunji, Inc engages in the provision of social e-commerce platform. The firm offers Yunji App, a combination of Yunji VIP App and Yunji Flagship App. It also provides solutions and services that allow suppliers to benefit from the firm’s scale of operations and marketing capabilities. The company was founded by Shang Lüe Xiao in May 2015 and is headquartered in Hangzhou, China.
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