Yiren Digital (NYSE:YRD – Get Rating) posted its quarterly earnings results on Friday. The technology company reported $0.69 earnings per share (EPS) for the quarter, reports. The business had revenue of $143.62 million for the quarter. Yiren Digital updated its Q2 2023 guidance to EPS.
Yiren Digital Price Performance
YRD opened at $2.53 on Monday. The business has a 50-day moving average of $2.26 and a 200-day moving average of $2.29. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.13. Yiren Digital has a fifty-two week low of $0.67 and a fifty-two week high of $3.85.
Hedge Funds Weigh In On Yiren Digital
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Yiren Digital by 116.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 68,143 shares of the technology company’s stock worth $58,000 after acquiring an additional 36,638 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Yiren Digital in the third quarter valued at approximately $26,000. Finally, Dimensional Fund Advisors LP grew its holdings in Yiren Digital by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 854,757 shares of the technology company’s stock valued at $2,173,000 after purchasing an additional 6,293 shares during the period. Institutional investors and hedge funds own 1.49% of the company’s stock.
Analyst Upgrades and Downgrades
Yiren Digital Company Profile
Yiren Digital Ltd. engages in the easy access to affordable credit and investors with attractive investment opportunities through its online marketplace. It operates through Yiren Wealth and Yiren Credit segments. The Yiren Wealth segment specifically targets the mass affluent investors and provides them with one-stop asset allocation-based wealth management solutions.
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