Yatsen (NYSE:YSG) Sees Large Volume Increase – Still a Buy?

Yatsen Holding Limited (NYSE:YSG) shares saw an uptick in trading volume on Friday . 227,362 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 139,921 shares.The stock last traded at $5.08 and had previously closed at $5.40.

Yatsen Trading Down 13.3 %

The company’s fifty day moving average is $3.79 and its two-hundred day moving average is $3.86. The stock has a market cap of $470.15 million, a price-to-earnings ratio of -4.29 and a beta of -2.56.

Hedge Funds Weigh In On Yatsen

Institutional investors have recently modified their holdings of the business. Yiheng Capital Management L.P. acquired a new position in shares of Yatsen in the fourth quarter worth $42,000. Bank of America Corp DE acquired a new position in shares of Yatsen in the fourth quarter worth $42,000. XTX Topco Ltd acquired a new position in shares of Yatsen in the third quarter worth $43,000. Marshall Wace LLP acquired a new position in shares of Yatsen in the fourth quarter worth $47,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Yatsen by 1,446.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company’s stock worth $51,000 after acquiring an additional 11,878 shares in the last quarter.

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.