Yunji (NASDAQ:YJ) Stock Price Down 5.4% – Here’s What Happened

Yunji Inc. Sponsored ADR (NASDAQ:YJ)’s stock price traded down 5.4% during mid-day trading on Monday. The stock traded as low as $1.22 and last traded at $1.23. 78,742 shares were traded during trading, a decline of 94% from the average daily volume of 1,360,670 shares. The stock had previously closed at $1.30.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Yunji from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Yunji presently has an average rating of “Sell”.

Yunji Trading Down 5.4%

The business has a 50 day moving average price of $2.05 and a 200-day moving average price of $1.70. The firm has a market capitalization of $6.06 million, a PE ratio of -0.36 and a beta of 0.42.

Yunji (NASDAQ:YJ) last posted its quarterly earnings results on Thursday, August 20th. The company reported ($1.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.87). The firm had revenue of $7.09 million for the quarter, compared to analyst estimates of $16.83 million.

Institutional Investors Weigh In On Yunji

A hedge fund recently raised its stake in Yunji stock. TB Alternative Assets Ltd. grew its stake in shares of Yunji Inc. Sponsored ADR (NASDAQ:YJ) by 548.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,383 shares of the company’s stock after acquiring an additional 176,245 shares during the quarter. TB Alternative Assets Ltd. owned about 4.23% of Yunji worth $363,000 at the end of the most recent quarter.

Yunji Company Profile

Yunji Inc operates a social e-commerce platform in China that enables consumers to purchase products through online communities and member-driven shopping experiences. The company’s platform is designed to connect consumers with merchants and brands while encouraging product discovery and sharing through social networks.

Yunji offers a range of consumer products, including apparel, household goods, food and beverages, personal care products, beauty items, and other everyday merchandise.