Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) hit a new 52-week low during trading on Thursday. The stock traded as low as $11.55 and last traded at $11.7450, with a volume of 8609 shares. The stock had previously closed at $12.01.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.80.
Check Out Our Latest Research Report on Yuanbao
Yuanbao Stock Up 1.5%
Yuanbao (NASDAQ:YB – Get Free Report) last announced its earnings results on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.The business had revenue of $204.92 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Yuanbao stock. Royal Bank of Canada purchased a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,079 shares of the company’s stock, valued at approximately $72,000.
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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