Yirendai (NYSE:YRD) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Yirendai Ltd. (NYSE:YRD) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.11 and traded as low as $3.75. Yirendai shares last traded at $3.8450, with a volume of 52,652 shares changing hands.

Yirendai Stock Performance

The company has a market capitalization of $332.25 million, a P/E ratio of 1.93 and a beta of 0.90. The firm’s fifty day moving average is $4.11 and its 200-day moving average is $5.18.

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

Institutional Investors Weigh In On Yirendai

Institutional investors and hedge funds have recently made changes to their positions in the business. Catalyst Funds Management Pty Ltd raised its holdings in shares of Yirendai by 13.6% in the 2nd quarter. Catalyst Funds Management Pty Ltd now owns 15,900 shares of the technology company’s stock worth $93,000 after acquiring an additional 1,900 shares during the last quarter. Public Employees Retirement System of Ohio increased its position 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 valued at $292,000 after purchasing an additional 2,933 shares during the last quarter. American Century Companies Inc. increased its holdings in Yirendai by 35.7% during the second quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock worth $140,000 after buying an additional 6,261 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Yirendai by 3.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 407,125 shares of the technology company’s stock worth $2,390,000 after purchasing an additional 13,138 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position 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 buying an additional 26,810 shares during the last quarter. Institutional investors 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.