So-Young International (NASDAQ:SY) Shares Down 0.7% – Here’s Why

So-Young International Inc. Sponsored ADR (NASDAQ:SY) shares were down 0.7% on Wednesday . The stock traded as low as $2.71 and last traded at $2.74. Approximately 204,786 shares were traded during trading, a decline of 64% from the average daily volume of 571,832 shares. The stock had previously closed at $2.76.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SY shares. Wall Street Zen raised shares of So-Young International from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of So-Young International in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, So-Young International has a consensus rating of “Hold” and a consensus price target of $5.50.

So-Young International Price Performance

The stock has a market cap of $277.92 million, a P/E ratio of -8.30 and a beta of 2.14. The business’s fifty day moving average price is $3.04 and its 200 day moving average price is $3.10.

So-Young International (NASDAQ:SY) last posted its earnings results on Wednesday, March 25th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.55. The firm had revenue of $65.85 million during the quarter, compared to analysts’ expectations of $442.62 million. So-Young International had a negative net margin of 15.97% and a negative return on equity of 12.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in shares of So-Young International by 1,301.9% in the third quarter. Citigroup Inc. now owns 675,121 shares of the company’s stock worth $2,613,000 after acquiring an additional 626,963 shares during the last quarter. KADENSA CAPITAL Ltd bought a new position in shares of So-Young International in the third quarter worth about $3,956,000. HCEP Management Ltd bought a new position in shares of So-Young International in the third quarter worth about $1,899,000. Millennium Management LLC lifted its holdings in shares of So-Young International by 227.1% in the fourth quarter. Millennium Management LLC now owns 104,330 shares of the company’s stock worth $267,000 after acquiring an additional 72,438 shares during the last quarter. Finally, Mangrove Partners IM LLC bought a new position in shares of So-Young International in the fourth quarter worth about $216,000. Institutional investors own 35.31% of the company’s stock.

About So-Young International

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.