Yatsen (NYSE:YSG) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Yatsen (NYSE:YSG) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Yatsen in a report on Wednesday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Yatsen Trading Down 1.6%

YSG traded down $0.03 during midday trading on Friday, hitting $1.92. The company’s stock had a trading volume of 21,590 shares, compared to its average volume of 48,255. Yatsen has a 52-week low of $1.67 and a 52-week high of $7.01. The firm has a 50-day moving average price of $2.44 and a two-hundred day moving average price of $3.13. The company has a current ratio of 3.70, a quick ratio of 2.78 and a debt-to-equity ratio of 0.15. The firm has a market cap of $180.00 million, a P/E ratio of -6.00 and a beta of -1.58.

Yatsen (NYSE:YSG) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $168.12 million for the quarter. Yatsen had a negative return on equity of 7.26% and a negative net margin of 4.63%.

Institutional Investors Weigh In On Yatsen

A hedge fund recently raised its stake in Yatsen stock. Renaissance Technologies LLC grew its position in shares of Yatsen Holding Limited Sponsored ADR (NYSE:YSG) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 612,593 shares of the company’s stock after acquiring an additional 94,286 shares during the quarter. Renaissance Technologies LLC owned about 0.65% of Yatsen worth $1,887,000 at the end of the most recent quarter.

About Yatsen

Yatsen Holding Limited is a China-based beauty company that develops, markets and sells cosmetics and skincare products. Its portfolio includes Perfect Diary, a color-cosmetics brand, as well as skincare brands such as Eve Lom and Galenic. Founded in 2016, Yatsen has built its business through online retail and a growing offline presence, including branded stores and counters. The company primarily serves consumers in China and also sells its products in international markets. Yatsen is led by founder and chief executive officer Huang Jinfeng.