Yiren Digital (NYSE:YRD) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Yiren Digital Ltd. (NYSE:YRD)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Yiren Digital Stock Performance

The stock has a fifty day simple moving average of $6.72 and a two-hundred day simple moving average of $5.88. The stock has a market cap of $468.39 million, a PE ratio of 1.84 and a beta of 0.66.

Yiren Digital (NYSE:YRD) last announced its earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The business 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 firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, April 30th. This is an increase from Yiren Digital’s previous semi-annual dividend of $0.20. This represents a dividend yield of 2.6%. Yiren Digital’s dividend payout ratio (DPR) is currently 15.94%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Yiren Digital by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock valued at $5,225,000 after purchasing an additional 30,641 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Yiren Digital by 33.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock worth $1,641,000 after buying an additional 85,414 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Yiren Digital by 43.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock valued at $185,000 after acquiring an additional 11,583 shares in the last quarter. Trexquant Investment LP bought a new position in Yiren Digital during the 4th quarter valued at $138,000. Finally, American Century Companies Inc. acquired a new position in Yiren Digital during the 4th quarter worth $107,000. Hedge funds and other institutional investors own 1.99% of the company’s stock.

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.