Yirendai Ltd – (YRD) Trading Up 6.8%
Yirendai Ltd – (NYSE:YRD) 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. The stock had previously closed at $20.40.
Several equities research analysts recently commented on YRD shares. Zacks Investment Research lowered shares of Yirendai Ltd – from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Nomura lowered shares of Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research note on Wednesday, August 10th. Finally, Needham & Company LLC boosted their price objective on shares of Yirendai Ltd – from $14.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th.
The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of 13.79. The stock has a 50-day moving average of $26.16 and a 200 day moving average of $15.16.
Yirendai Ltd – (NYSE:YRD) last announced its earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.10. The firm earned $110.40 million during the quarter, compared to analysts’ expectations of $97.01 million. Yirendai Ltd -‘s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts predict 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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