Yirendai (NYSE:YRD) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Yirendai Ltd. (NYSE:YRD) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.43 and traded as low as $1.20. Yirendai shares last traded at $1.27, with a volume of 101,552 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of 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 MarketBeat, Yirendai presently has an average rating of “Sell”.

Yirendai Stock Performance

The firm has a market cap of $107.61 million, a P/E ratio of -1.04 and a beta of 1.13. The firm has a fifty day moving average of $1.40 and a 200-day moving average of $2.52.

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

Yirendai announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 2nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Yirendai

Several large investors have recently made changes to their positions in the company. Ramsey Quantitative Systems acquired a new stake in Yirendai in the 2nd quarter valued at approximately $110,000. Verdad Advisers LP acquired a new position in shares of Yirendai during the fourth quarter valued at $195,000. Dimensional Fund Advisors LP raised its stake in shares of Yirendai by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,116,961 shares of the technology company’s stock valued at $1,917,000 after purchasing an additional 33,490 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Yirendai by 5,362.0% in the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after purchasing an additional 26,810 shares during the period. Finally, XTX Topco Ltd increased its stake in Yirendai by 52.8% during the 4th quarter. XTX Topco Ltd now owns 47,898 shares of the technology company’s stock valued at $177,000 after buying an additional 16,554 shares during the period. Institutional investors and hedge funds own 1.99% of the company’s stock.

About Yirendai

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.