Yatsen (NYSE:YSG) Trading 0% Higher – Here’s Why

Yatsen Holding Limited Sponsored ADR (NYSE:YSG)’s stock price shot up 0% during mid-day trading on Tuesday . The company traded as high as $3.60 and last traded at $3.5310. Approximately 122,910 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 136,925 shares. The stock had previously closed at $3.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Yatsen from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Yatsen Stock Down 0.5%

The firm’s 50-day moving average price is $3.05 and its 200-day moving average price is $3.57. The company has a market cap of $323.06 million, a P/E ratio of -16.40 and a beta of -1.57.

Yatsen (NYSE:YSG) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.00) EPS for the quarter. Yatsen had a negative net margin of 3.04% and a negative return on equity of 4.54%. The company had revenue of $148.08 million during the quarter.

Institutional Trading of Yatsen

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in Yatsen by 18.2% in the 1st quarter. Renaissance Technologies LLC now owns 612,593 shares of the company’s stock worth $1,887,000 after purchasing an additional 94,286 shares during the period. Hsbc Holdings PLC purchased a new position in Yatsen during the fourth quarter valued at approximately $377,000. Virtu Financial LLC bought a new stake in Yatsen during the 4th quarter worth approximately $48,000. XTX Topco Ltd increased its holdings in Yatsen by 487.9% during the 4th quarter. XTX Topco Ltd now owns 67,376 shares of the company’s stock worth $262,000 after acquiring an additional 55,916 shares during the period. Finally, Yiheng Capital Management L.P. lifted its stake in Yatsen by 282.4% in the 4th quarter. Yiheng Capital Management L.P. now owns 368,347 shares of the company’s stock worth $1,433,000 after purchasing an additional 272,019 shares in the last quarter.

About Yatsen

Yatsen Holding Limited (NYSE: YSG) is a Shanghai-based beauty and personal care company founded in 2016. The firm operates as a digital-first cosmetics provider, designing, developing and marketing its own brands to a primarily Chinese consumer base. Since its inception, Yatsen has focused on leveraging data analytics and social media engagement to drive product innovation and brand awareness.

The company’s core portfolio includes Perfect Diary, a color-cosmetics brand offering lipsticks, eyeshadows, foundations and related accessories; Little Ondine, which specializes in nail lacquers and nail care products; Winona, a sensitive-skin skincare line; and Abby’s Choice, which features targeted skincare treatments.