Yirendai (NYSE:YRD) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Yirendai Ltd. (NYSE:YRD) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.18 and traded as low as $4.10. Yirendai shares last traded at $4.19, with a volume of 30,699 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yirendai in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Yirendai Trading Down 4.5%

The firm has a fifty day simple moving average of $4.17 and a two-hundred day simple moving average of $5.26. The firm has a market cap of $344.78 million, a PE ratio of 2.01 and a beta of 0.89.

Yirendai (NYSE:YRD) last posted its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $218.42 million during the quarter. Yirendai had a return on equity of 12.66% and a net margin of 20.19%.

Hedge Funds Weigh In On Yirendai

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in Yirendai in the third quarter valued at $337,000. Raymond James Financial Inc. raised its stake in shares of Yirendai by 5,362.0% during 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 last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Yirendai by 3.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 407,125 shares of the technology company’s stock valued at $2,390,000 after purchasing an additional 13,138 shares during the period. American Century Companies Inc. boosted its stake in shares of Yirendai by 35.7% in the second quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock valued at $140,000 after buying an additional 6,261 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Yirendai by 6.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company’s stock worth $292,000 after purchasing an additional 2,933 shares during the period. Institutional investors own 1.99% of the company’s stock.

Yirendai Company Profile

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.