Yirendai Ltd – (YRD) Trading Down 15.3%
Yirendai Ltd – (NYSE:YRD) was down 15.3% during trading on Thursday . The stock traded as low as $20.10 and last traded at $20.40, with a volume of 2,538,102 shares changing hands. The stock had previously closed at $24.09.
Several equities research analysts have recently commented on YRD shares. Zacks Investment Research lowered shares of Yirendai Ltd – from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Nomura downgraded shares of Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research report on Wednesday, August 10th. Finally, Needham & Company LLC lifted their price objective on shares of Yirendai Ltd – from $14.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th.
The stock has a market cap of $1.28 billion and a PE ratio of 13.79. The stock has a 50-day moving average price of $26.16 and a 200 day moving average price of $15.16.
Yirendai Ltd – (NYSE:YRD) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ 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. On average, analysts forecast that Yirendai Ltd – will post $1.69 earnings per share for the current 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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