Yuanbao (NASDAQ:YB) Reaches New 1-Year Low – Should You Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) reached a new 52-week low on Wednesday. The stock traded as low as $11.31 and last traded at $11.41, with a volume of 39,396 shares traded. The stock had previously closed at $11.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $21.80.

Yuanbao Stock Performance

The firm’s 50 day moving average price is $13.09 and its two-hundred day moving average price is $14.63. The company has a market cap of $514.36 million, a P/E ratio of 2.61 and a beta of 0.56.

Yuanbao (NASDAQ:YB) last released its earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The company had revenue of $204.92 million for the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%.

Hedge Funds Weigh In On Yuanbao

An institutional investor recently bought a new position in Yuanbao stock. Royal Bank of Canada acquired a new position in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,079 shares of the company’s stock, valued at approximately $72,000.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.