Yirendai (NYSE:YRD) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Yirendai Ltd. (NYSE:YRD) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.20 and traded as high as $1.29. Yirendai shares last traded at $1.25, with a volume of 66,534 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings cut Yirendai from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Yirendai currently has a consensus rating of “Sell”.

Yirendai Stock Performance

The business has a 50-day simple moving average of $1.20 and a two-hundred day simple moving average of $2.22. The stock has a market cap of $109.36 million, a price-to-earnings ratio of -1.06 and a beta of 1.13.

Yirendai (NYSE:YRD) last posted its quarterly earnings data on Friday, June 26th. The technology company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($1.20). The business had revenue of $132.73 million during the quarter, compared to analyst estimates of $237.43 million. Yirendai had a negative net margin of 14.35% and a negative return on equity of 7.58%.

Yirendai declared that its board has authorized a share repurchase plan on Thursday, July 2nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Yirendai

Several institutional investors and hedge funds have recently added to or reduced their stakes in YRD. Ramsey Quantitative Systems acquired a new stake in shares of Yirendai in the 2nd quarter valued at approximately $110,000. Verdad Advisers LP acquired a new position in Yirendai during the fourth quarter worth $195,000. Dimensional Fund Advisors LP raised its position in Yirendai by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,116,961 shares of the technology company’s stock worth $1,917,000 after acquiring an additional 33,490 shares in the last quarter. Raymond James Financial Inc. raised its position in Yirendai by 5,362.0% during the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after acquiring an additional 26,810 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in Yirendai by 52.8% in the fourth quarter. XTX Topco Ltd now owns 47,898 shares of the technology company’s stock valued at $177,000 after acquiring an additional 16,554 shares during the last quarter. 1.99% of the stock is owned by institutional investors.

Yirendai Company Profile

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.