Yiren Digital (NYSE:YRD) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Yiren Digital Ltd. (NYSE:YRD) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.72 and traded as low as $5.23. Yiren Digital shares last traded at $5.34, with a volume of 143,532 shares changing hands.

Yiren Digital Trading Down 3.1 %

The firm has a 50 day moving average price of $6.72 and a 200 day moving average price of $5.88. The stock has a market capitalization of $468.39 million, a PE ratio of 1.84 and a beta of 0.66.

Yiren Digital (NYSE:YRD) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The firm had revenue of $198.95 million during the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%.

Yiren Digital Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.22 per share. This represents a yield of 2.6%. The ex-dividend date is Wednesday, April 30th. This is a positive change from Yiren Digital’s previous semi-annual dividend of $0.20. Yiren Digital’s dividend payout ratio (DPR) is 15.94%.

Institutional Investors Weigh In On Yiren Digital

Several large investors have recently added to or reduced their stakes in the business. AXA S.A. boosted its holdings in shares of Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock valued at $55,000 after buying an additional 5,165 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Yiren Digital in the fourth quarter valued at $61,000. Invesco Ltd. bought a new position in shares of Yiren Digital during the fourth quarter worth about $71,000. XTX Topco Ltd boosted its position in Yiren Digital by 34.5% during the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock worth $118,000 after acquiring an additional 5,294 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of Yiren Digital during the fourth quarter valued at about $107,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

Yiren Digital Company Profile

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.