Yiren Digital (NYSE:YRD) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Yiren Digital Ltd. (NYSE:YRD) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.16 and traded as low as $4.73. Yiren Digital shares last traded at $4.77, with a volume of 126,462 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Yiren Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

Yiren Digital Trading Down 4.4 %

The company has a market cap of $418.47 million, a price-to-earnings ratio of 1.64 and a beta of 0.72. The firm has a 50-day moving average price of $5.15 and a 200 day moving average price of $5.08.

Institutional Trading of Yiren Digital

Several institutional investors have recently added to or reduced their stakes in YRD. XTX Topco Ltd bought a new stake in shares of Yiren Digital in the 2nd quarter worth approximately $70,000. Ballentine Partners LLC acquired a new stake in Yiren Digital in the third quarter worth $78,000. Creative Planning bought a new stake in Yiren Digital in the third quarter valued at $89,000. Public Employees Retirement System of Ohio acquired a new position in shares of Yiren Digital during the third quarter valued at $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Yiren Digital by 44.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 78,415 shares during the period. 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.