Yiren Digital (NYSE:YRD) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Yiren Digital (NYSE:YRD – Get Rating) in a research report issued on Tuesday. The firm set a “strong-buy” rating on the technology company’s stock.

Separately, TheStreet upgraded Yiren Digital from a “d+” rating to a “c-” rating in a research note on Tuesday, November 29th.

Yiren Digital Stock Up 2.3 %

NYSE:YRD opened at $3.17 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.29 and a current ratio of 4.29. The stock’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.33. Yiren Digital has a 52 week low of $0.67 and a 52 week high of $3.29.

Yiren Digital (NYSE:YRD – Get Rating) last released its quarterly earnings results on Tuesday, November 22nd. The technology company reported $0.42 EPS for the quarter. The firm had revenue of $118.18 million for the quarter.

Institutional Trading of Yiren Digital

Several hedge funds have recently modified their holdings of YRD. Dimensional Fund Advisors LP increased its holdings in Yiren Digital by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 854,757 shares of the technology company’s stock valued at $2,173,000 after buying an additional 6,293 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Yiren Digital by 34.0% in the first quarter. Envestnet Asset Management Inc. now owns 24,289 shares of the technology company’s stock valued at $62,000 after buying an additional 6,164 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Yiren Digital in the third quarter valued at $26,000. 1.49% of the stock is currently owned by institutional investors and hedge funds.

Yiren Digital Company Profile

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Yiren Digital Ltd. engages in the easy access to affordable credit and investors with attractive investment opportunities through its online marketplace. It operates through Yiren Wealth and Yiren Credit segments. The Yiren Wealth segment specifically targets the mass affluent investors and provides them with one-stop asset allocation-based wealth management solutions.