So-Young International (NASDAQ:SY) Stock Price Down 4.9% – Here’s Why

So-Young International Inc. Sponsored ADR (NASDAQ:SY) fell 4.9% on Thursday. The company traded as low as $2.70 and last traded at $2.70. 313,707 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,137,570 shares. The stock had previously closed at $2.84.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of So-Young International in a report on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

So-Young International Price Performance

The stock’s 50-day simple moving average is $2.37 and its 200 day simple moving average is $2.38. The firm has a market cap of $274.32 million, a P/E ratio of -7.94 and a beta of 2.11.

So-Young International (NASDAQ:SY) last announced its quarterly earnings data on Monday, August 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. So-Young International had a negative return on equity of 13.65% and a negative net margin of 13.62%.The company had revenue of $74.36 million for the quarter, compared to the consensus estimate of $70.40 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in So-Young International stock. Renaissance Technologies LLC bought a new position in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 122,200 shares of the company’s stock, valued at approximately $334,000. Renaissance Technologies LLC owned 0.12% of So-Young International as of its most recent SEC filing. 35.31% of the stock is currently owned by hedge funds and other institutional investors.

About So-Young International

So-Young International Ltd. is a China-based online platform focused on medical aesthetics and consumer healthcare. Through its So-Young mobile application and website, the company provides information about cosmetic procedures, publishes user-generated content and reviews, and helps consumers discover medical aesthetic practitioners and clinics.

The platform also supports appointment booking and other services that connect consumers with providers. For medical aesthetic institutions and practitioners, So-Young offers marketing, advertising, and technology services intended to help attract prospective patients and manage customer relationships.