Yirendai Ltd – (YRD) Trading Up 6.8%
Yirendai Ltd – (NYSE:YRD)’s share price was up 6.8% during trading on Friday . The stock traded as high as $22.22 and last traded at $21.78, with a volume of 1,220,091 shares trading hands. The stock had previously closed at $20.40.
YRD has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Yirendai Ltd – from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Needham & Company LLC upped their price objective on shares of Yirendai Ltd – from $14.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Nomura downgraded shares of Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research note on Wednesday, August 10th.
The firm has a market capitalization of $1.28 billion and a price-to-earnings ratio of 13.70. The firm has a 50 day moving average of $26.06 and a 200 day moving average of $15.11.
Yirendai Ltd – (NYSE:YRD) last released its earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.10. The company earned $110.40 million during the quarter, compared to the consensus estimate of $97.01 million. Yirendai Ltd -‘s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that Yirendai Ltd – will post $1.69 EPS for the current fiscal year.
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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