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

Yiren Digital Ltd. (NYSE:YRD) saw strong trading volume on Monday . 122,377 shares changed hands during trading, a decline of 7% from the previous session’s volume of 132,136 shares.The stock last traded at $6.82 and had previously closed at $7.57.

Analyst Ratings Changes

Separately, StockNews.com lowered Yiren Digital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th.

Yiren Digital Stock Performance

The company has a market capitalization of $593.49 million, a PE ratio of 2.33 and a beta of 0.71. The company’s fifty day moving average is $5.44 and its 200-day moving average is $5.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AXA S.A. grew its holdings in Yiren Digital by 80.7% during 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 bought a new stake in Yiren Digital in the 4th quarter valued at $61,000. Invesco Ltd. purchased a new stake in Yiren Digital in the 4th quarter worth $71,000. Ballentine Partners LLC bought a new position in shares of Yiren Digital during the 3rd quarter valued at about $78,000. Finally, Creative Planning purchased a new position in shares of Yiren Digital during the third quarter valued at about $89,000. Hedge funds and other institutional investors own 1.99% of the company’s stock.

About Yiren Digital

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.