Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) hit a new 52-week low on Thursday. The stock traded as low as $11.55 and last traded at $11.7450, with a volume of 8609 shares changing hands. The stock had previously closed at $12.01.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Yuanbao has an average rating of “Hold” and an average target price of $21.80.
Check Out Our Latest Analysis on YB
Yuanbao Price Performance
Yuanbao (NASDAQ:YB – Get Free Report) last announced its quarterly earnings results on Friday, September 11th. The company reported $1.26 EPS for the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%. The company had revenue of $204.92 million for the quarter.
Hedge Funds Weigh In On Yuanbao
An institutional investor recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems purchased a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao makes up 0.1% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 26th biggest holding.
Yuanbao Company Profile
Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.
Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.
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