Yunji (NASDAQ:YJ) Stock Price Up 1.2% – Here’s Why

Yunji Inc. Sponsored ADR (NASDAQ:YJ) was up 1.2% during trading on Monday. The company traded as high as $1.7810 and last traded at $1.64. Approximately 34,643 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 96,383 shares. The stock had previously closed at $1.62.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Yunji from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Yunji Price Performance

The company has a market cap of $8.08 million, a P/E ratio of -0.49 and a beta of 0.42. The company’s 50-day moving average is $2.09 and its two-hundred day moving average is $1.78.

Yunji (NASDAQ:YJ) last issued its earnings results on Thursday, August 20th. The company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.87). The business had revenue of $7.09 million during the quarter, compared to analyst estimates of $16.83 million.

About Yunji

Yunji Inc is a China-based social e-commerce company that operates an online platform connecting consumers with branded and private-label merchandise. Its offerings have included food and beverages, household goods, personal care products, apparel, consumer electronics and other everyday products.

The company’s business model combines mobile commerce with social networking and membership-based shopping. Yunji has used member communities, product recommendations and social sharing to support customer engagement and product distribution, while also offering opportunities for individual members to promote products through the platform.

Founded in 2015, Yunji is headquartered in Hangzhou, China.