Yiren Digital (NYSE:YRD) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Yiren Digital Ltd. (NYSE:YRD) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.73 and traded as high as $7.10. Yiren Digital shares last traded at $7.02, with a volume of 125,055 shares.

Yiren Digital Stock Performance

The firm has a 50-day moving average of $6.74 and a 200-day moving average of $5.84. The firm has a market capitalization of $540.41 million, a P/E ratio of 2.12 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 EPS for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%. The company had revenue of $198.95 million during the quarter.

Yiren Digital Increases Dividend

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

Institutional Trading of Yiren Digital

A number of institutional investors have recently made changes to their positions in YRD. XTX Topco Ltd boosted its holdings in shares of Yiren Digital by 34.5% in the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock worth $118,000 after buying an additional 5,294 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Yiren Digital in the third quarter worth approximately $153,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Yiren Digital by 33.3% in the 4th 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 in the last quarter. American Century Companies Inc. bought a new stake in Yiren Digital during the 4th quarter valued at approximately $107,000. Finally, Trexquant Investment LP bought a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $138,000. 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.