Yiren Digital (NYSE:YRD) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Yiren Digital Ltd. (NYSE:YRD)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.24 and traded as low as $6.18. Yiren Digital shares last traded at $6.28, with a volume of 65,086 shares changing hands.

Yiren Digital Trading Up 1.1%

The business has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $5.92. The stock has a market capitalization of $542.46 million, a P/E ratio of 2.16 and a beta of 0.77.

Yiren Digital (NYSE:YRD) last released its earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The firm had revenue of $198.95 million during the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%.

Yiren Digital Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.22 per share. This is a positive change from Yiren Digital’s previous semi-annual dividend of $0.20. The ex-dividend date was Wednesday, April 30th. This represents a dividend yield of 2.6%. Yiren Digital’s dividend payout ratio (DPR) is currently 15.94%.

Institutional Trading of Yiren Digital

Several large investors have recently made changes to their positions in YRD. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Yiren Digital by 33.3% during 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 acquiring an additional 85,414 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Yiren Digital during the 1st quarter worth approximately $220,000. Dimensional Fund Advisors LP boosted its position in shares of Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock worth $5,225,000 after acquiring an additional 30,641 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Yiren Digital during the 4th quarter worth approximately $138,000. Finally, American Century Companies Inc. acquired a new stake in shares of Yiren Digital during the 4th quarter worth approximately $107,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

About Yiren Digital

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.