So-Young International (NASDAQ:SY) Stock Price Down 4.9% – Here’s Why

So-Young International Inc. Sponsored ADR (NASDAQ:SY) was down 4.9% during trading on Thursday. The stock traded as low as $2.70 and last traded at $2.70. Approximately 313,707 shares changed hands during trading, a decline of 72% from the average daily volume of 1,137,570 shares. The stock had previously closed at $2.84.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of So-Young International in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

So-Young International Stock Performance

The firm has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $2.38. The firm has a market cap of $274.32 million, a price-to-earnings ratio of -7.94 and a beta of 2.11.

So-Young International (NASDAQ:SY) last announced its quarterly earnings results on Monday, August 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. So-Young International had a negative return on equity of 13.65% and a negative net margin of 13.62%.The firm had revenue of $74.36 million during the quarter, compared to the consensus estimate of $70.40 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in So-Young International stock. Renaissance Technologies LLC purchased a new stake in So-Young International Inc. Sponsored ADR (NASDAQ:SY) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 122,200 shares of the company’s stock, valued at approximately $334,000. Renaissance Technologies LLC owned about 0.12% of So-Young International at the end of the most recent reporting period. 35.31% of the stock is currently owned by hedge funds and other institutional investors.

So-Young International Company Profile

So-Young International Ltd. is a China-based online platform focused on medical aesthetics and consumer healthcare. Through its So-Young mobile application and website, the company provides information about cosmetic procedures, publishes user-generated content and reviews, and helps consumers discover medical aesthetic practitioners and clinics.

The platform also supports appointment booking and other services that connect consumers with providers. For medical aesthetic institutions and practitioners, So-Young offers marketing, advertising, and technology services intended to help attract prospective patients and manage customer relationships.