Yiren Digital Ltd. (NYSE:YRD)’s stock price rose 5.7% during trading on Wednesday . The stock traded as high as $3.45 and last traded at $3.36. Approximately 324,723 shares changed hands during trading, an increase of 106% from the average daily volume of 157,553 shares. The stock had previously closed at $3.18.

YRD has been the subject of a number of research reports. BidaskClub downgraded shares of Yiren Digital from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 23rd. TheStreet downgraded shares of Yiren Digital from a “c-” rating to a “d+” rating in a research report on Thursday, September 17th. Five research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus target price of $3.70.

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 3.42. The business’s fifty day simple moving average is $3.37 and its two-hundred day simple moving average is $3.43. The company has a market cap of $311.00 million, a PE ratio of 5.25 and a beta of 1.36.

Yiren Digital (NYSE:YRD) last released its quarterly earnings data on Thursday, November 26th. The technology company reported $0.13 earnings per share for the quarter. Yiren Digital had a net margin of 6.80% and a return on equity of 10.44%. The company had revenue of $150.64 million during the quarter.

A hedge fund recently bought a new stake in Yiren Digital stock. Sei Investments Co. bought a new position in shares of Yiren Digital Ltd. (NYSE:YRD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,000 shares of the technology company’s stock, valued at approximately $117,000. 4.92% of the stock is owned by institutional investors and hedge funds.

About Yiren Digital (NYSE:YRD)

Yiren Digital Ltd., through its subsidiaries, operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. The company provides loan facilitation services; post-origination services, such as cash processing, collection, and SMS services; and automated investing tool for investors to invest in loans through its marketplace, and self-directed investing tool that enables investors to select lending opportunities to approved borrowers that are posted on its marketplace.

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