Yuanbao (NASDAQ:YB) Shares Down 4.7% – Time to Sell?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) shares fell 4.7% on Tuesday. The stock traded as low as $11.52 and last traded at $11.5270. Approximately 658 shares were traded during trading, a decline of 98% from the average session volume of 42,355 shares. The stock had previously closed at $12.10.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $21.80.

Yuanbao Trading Down 3.4%

The company’s fifty day simple moving average is $13.14 and its 200 day simple moving average is $14.67. The stock has a market capitalization of $511.84 million, a P/E ratio of 2.52 and a beta of 0.56.

Yuanbao (NASDAQ:YB) last released its quarterly earnings results on Friday, September 11th. The company reported $1.26 EPS for the quarter. The firm had revenue of $204.92 million during the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%.

Institutional Investors Weigh In On Yuanbao

A hedge fund recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems bought a new position in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao makes up 0.1% of Ramsey Quantitative Systems’ holdings, making the stock its 26th biggest position.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.