Yirendai (NYSE:YRD) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Yirendai Ltd. (NYSE:YRD) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.95 and traded as low as $1.1290. Yirendai shares last traded at $1.14, with a volume of 39,129 shares.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Yirendai from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Yirendai Stock Down 0.9%

The stock’s fifty day moving average price is $1.71 and its 200-day moving average price is $2.95. The company has a market capitalization of $99.74 million, a price-to-earnings ratio of 38.01 and a beta of 1.12.

Yirendai (NYSE:YRD) last announced its earnings results on Thursday, March 19th. The technology company reported ($1.44) EPS for the quarter. The business had revenue of $136.88 million for the quarter. Yirendai had a return on equity of 0.18% and a net margin of 0.31%.

Hedge Funds Weigh In On Yirendai

Large investors have recently modified their holdings of the business. American Century Companies Inc. grew its holdings in shares of Yirendai by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock valued at $140,000 after acquiring an additional 6,261 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Yirendai during the third quarter worth about $337,000. Raymond James Financial Inc. boosted its position in Yirendai by 5,362.0% during the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock valued at $162,000 after purchasing an additional 26,810 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Yirendai by 6.3% during the third quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company’s stock valued at $292,000 after purchasing an additional 2,933 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Yirendai by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,471 shares of the technology company’s stock valued at $4,010,000 after purchasing an additional 4,123 shares in the last quarter. 1.99% of the stock is currently owned by institutional investors and hedge funds.

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.