StockNews.com Begins Coverage on Yiren Digital (NYSE:YRD)

Equities research analysts at StockNews.com started coverage on shares of Yiren Digital (NYSE:YRD – Get Rating) in a report released on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, TheStreet raised shares of Yiren Digital from a “d+” rating to a “c-” rating in a research report on Tuesday, November 29th.

Yiren Digital Trading Down 3.2 %

YRD opened at $2.41 on Thursday. The firm has a 50 day moving average price of $2.93 and a 200 day moving average price of $1.77. Yiren Digital has a 1 year low of $0.67 and a 1 year high of $3.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.29 and a quick ratio of 4.29.

Institutional Trading of Yiren Digital

Several large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Yiren Digital by 24.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 31,505 shares of the technology company’s stock valued at $43,000 after acquiring an additional 6,098 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 acquiring an additional 6,293 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Yiren Digital in the third quarter valued at approximately $26,000. Institutional investors and hedge funds own 1.49% of the company’s stock.

About Yiren Digital

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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.