Yuanbao (NASDAQ:YB) Shares Gap Down – Here’s Why

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $12.94, but opened at $12.50. Yuanbao shares last traded at $12.55, with a volume of 550 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.80.

Read Our Latest Stock Analysis on YB

Yuanbao Price Performance

The business’s 50-day moving average price is $13.24 and its two-hundred day moving average price is $14.79. The firm has a market cap of $541.41 million, a price-to-earnings ratio of 2.67 and a beta of 0.56.

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

Hedge Funds Weigh In On Yuanbao

A hedge fund recently bought a new position in Yuanbao stock. Royal Bank of Canada acquired a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,079 shares of the company’s stock, valued at approximately $72,000.

Yuanbao Company Profile

(Get Free Report)

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.

Further Reading

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