Yiren Digital (NYSE:YRD) Sees Unusually-High Trading Volume – Should You Buy?

Yiren Digital Ltd. (NYSE:YRD) saw an uptick in trading volume on Tuesday . 144,567 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 109,992 shares.The stock last traded at $7.07 and had previously closed at $6.61.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of 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 market capitalization of $636.48 million, a PE ratio of 2.50 and a beta of 0.71. The company’s fifty day moving average price is $5.24 and its two-hundred day moving average price is $5.26.

Institutional Trading of Yiren Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock worth $5,225,000 after purchasing an additional 30,641 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Yiren Digital by 33.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock worth $1,641,000 after purchasing an additional 85,414 shares during the last quarter. Trexquant Investment LP bought a new position in Yiren Digital during the fourth quarter worth $138,000. Public Employees Retirement System of Ohio bought a new stake in Yiren Digital in the third quarter valued at $153,000. Finally, American Century Companies Inc. bought a new stake in Yiren Digital in the fourth quarter valued at $107,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

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.