Yirendai (NYSE:YRD) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Yirendai Ltd. (NYSE:YRD)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.95 and traded as low as $1.1290. Yirendai shares last traded at $1.14, with a volume of 39,129 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Yirendai from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Yirendai Stock Down 0.9%

The firm has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $2.95. The stock has a market cap of $99.74 million, a P/E ratio of 38.01 and a beta of 1.12.

Yirendai (NYSE:YRD) last released its quarterly earnings data on Thursday, March 19th. The technology company reported ($1.44) earnings per share (EPS) for the quarter. Yirendai had a net margin of 0.31% and a return on equity of 0.18%. The business had revenue of $136.88 million during the quarter.

Institutional Investors Weigh In On Yirendai

Several hedge funds have recently added to or reduced their stakes in YRD. Arete Wealth Advisors LLC acquired a new position in shares of Yirendai in the fourth quarter valued at $37,000. American Century Companies Inc. lifted its stake in shares of Yirendai by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock worth $140,000 after buying an additional 6,261 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Yirendai by 5,362.0% during the 3rd quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after buying an additional 26,810 shares during the period. XTX Topco Ltd boosted its holdings in shares of Yirendai by 52.8% during the 4th quarter. XTX Topco Ltd now owns 47,898 shares of the technology company’s stock worth $177,000 after buying an additional 16,554 shares during the period. Finally, Verdad Advisers LP acquired a new position in Yirendai in the 4th quarter valued at about $195,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

About Yirendai

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.