Yatsen (NYSE:YSG) Trading Down 4.6% – Here’s Why

Yatsen Holding Limited (NYSE:YSG)’s stock price fell 4.6% during trading on Thursday . The stock traded as low as $5.66 and last traded at $5.63. 131,469 shares were traded during trading, a decline of 44% from the average session volume of 236,759 shares. The stock had previously closed at $5.90.

Yatsen Stock Down 8.5 %

The company’s 50 day moving average price is $3.71 and its 200 day moving average price is $3.84. The firm has a market capitalization of $542.48 million, a price-to-earnings ratio of -4.90 and a beta of -2.56.

Institutional Investors Weigh In On Yatsen

Several institutional investors and hedge funds have recently made changes to their positions in YSG. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Yatsen during the fourth quarter worth $452,000. Dimensional Fund Advisors LP lifted its position in Yatsen by 43.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 213,830 shares of the company’s stock valued at $852,000 after purchasing an additional 64,416 shares during the period. Jane Street Group LLC lifted its position in Yatsen by 113.8% during the fourth quarter. Jane Street Group LLC now owns 104,785 shares of the company’s stock valued at $417,000 after purchasing an additional 55,766 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Yatsen during the fourth quarter valued at $188,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Yatsen during the fourth quarter valued at $169,000.

Yatsen Company Profile

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby’s Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People’s Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.