Yiren Digital (NYSE:YRD) Stock Price Up 7.9% – What’s Next?

Yiren Digital Ltd. (NYSE:YRD) shares rose 7.9% on Friday . The company traded as high as $7.28 and last traded at $7.36. Approximately 35,307 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 125,307 shares. The stock had previously closed at $6.82.

Yiren Digital Stock Performance

The stock’s 50 day simple moving average is $6.01 and its two-hundred day simple moving average is $5.54. The firm has a market capitalization of $645.69 million, a PE ratio of 2.54 and a beta of 0.65.

Institutional Trading of Yiren Digital

Institutional investors have recently added to or reduced their stakes in the stock. AXA S.A. grew its stake in shares of Yiren Digital by 80.7% in the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,165 shares in the last quarter. XTX Topco Ltd increased its stake in Yiren Digital by 34.5% in the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after purchasing an additional 5,294 shares during the period. Public Employees Retirement System of Ohio increased its position in Yiren Digital by 43.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock worth $185,000 after purchasing an additional 11,583 shares during the period. Two Sigma Investments LP purchased a new position in shares of Yiren Digital during the 4th quarter worth approximately $61,000. Finally, Invesco Ltd. purchased a new stake in shares of Yiren Digital in the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.