Yirendai (NYSE:YRD) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Yirendai Ltd. (NYSE:YRD)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.80 and traded as low as $0.99. Yirendai shares last traded at $1.0070, with a volume of 43,697 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Yirendai in a research note on Wednesday, August 19th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Yirendai currently has an average rating of “Sell”.

Yirendai Trading Down 1.3%

The company’s 50-day simple moving average is $1.17 and its 200-day simple moving average is $1.80. The stock has a market capitalization of $88.10 million, a price-to-earnings ratio of -0.85 and a beta of 1.14.

Yirendai (NYSE:YRD) last issued its quarterly earnings data on Friday, June 26th. The technology company reported ($0.82) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($1.20). The business had revenue of $132.73 million during the quarter, compared to the consensus estimate of $237.43 million. Yirendai had a negative return on equity of 7.58% and a negative net margin of 14.35%.

Yirendai declared that its Board of Directors has initiated a stock buyback program on Thursday, July 2nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Yirendai

Institutional investors have recently made changes to their positions in the stock. Arete Wealth Advisors LLC acquired a new position in shares of Yirendai in the fourth quarter worth approximately $37,000. GSA Capital Partners LLP increased its position in Yirendai by 10.3% during the 2nd quarter. GSA Capital Partners LLP now owns 100,741 shares of the technology company’s stock valued at $84,000 after purchasing an additional 9,391 shares during the period. Ramsey Quantitative Systems acquired a new stake in Yirendai during the 2nd quarter valued at approximately $110,000. American Century Companies Inc. raised its holdings in 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 purchasing an additional 6,261 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Yirendai by 5,362.0% in the 3rd quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after purchasing an additional 26,810 shares during the period. Institutional investors own 1.99% of the company’s stock.

Yirendai Company Profile

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.