Yunji (NASDAQ:YJ) Stock Price Down 5.4% – Should You Sell?

Yunji Inc. Sponsored ADR (NASDAQ:YJ)’s stock price was down 5.4% during mid-day trading on Monday. The stock traded as low as $1.22 and last traded at $1.23. Approximately 78,742 shares changed hands during trading, a decline of 94% from the average session volume of 1,360,670 shares. The stock had previously closed at $1.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Yunji from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Yunji presently has a consensus rating of “Sell”.

Yunji Stock Down 1.6%

The stock has a market capitalization of $6.16 million, a PE ratio of -0.37 and a beta of 0.42. The stock’s 50 day moving average price is $2.02 and its 200-day moving average price is $1.70.

Yunji (NASDAQ:YJ) last released its quarterly earnings data on Thursday, August 20th. The company reported ($1.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.87). The firm had revenue of $7.09 million during the quarter, compared to analysts’ expectations of $16.83 million.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Yunji stock. TB Alternative Assets Ltd. lifted its holdings in Yunji Inc. Sponsored ADR (NASDAQ:YJ) by 548.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,383 shares of the company’s stock after buying an additional 176,245 shares during the quarter. TB Alternative Assets Ltd. owned approximately 4.23% of Yunji worth $363,000 at the end of the most recent quarter.

Yunji Company Profile

Yunji Inc operates a social e-commerce platform in China that connects consumers with branded and private-label products through online shopping and community-based purchasing. Its platform uses member referrals, social sharing and group buying to help merchants reach consumers and encourage repeat purchases.

The company offers a broad selection of products, including food and beverages, household goods, personal care and beauty products, apparel, consumer electronics and other general merchandise.