Yiren Digital (NYSE:YRD) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Yiren Digital Ltd. (NYSE:YRD)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.73 and traded as high as $7.10. Yiren Digital shares last traded at $7.02, with a volume of 125,055 shares changing hands.

Yiren Digital Stock Down 12.1 %

The company’s 50 day simple moving average is $6.74 and its 200-day simple moving average is $5.84. The firm has a market cap of $540.41 million, a P/E ratio of 2.12 and a beta of 0.66.

Yiren Digital (NYSE:YRD) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $198.95 million for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%.

Yiren Digital Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.22 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Yiren Digital’s previous semi-annual dividend of $0.20. Yiren Digital’s payout ratio is 15.94%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in YRD. AXA S.A. increased its stake in shares of Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,165 shares during the last quarter. XTX Topco Ltd grew its position in Yiren Digital by 34.5% in the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after acquiring an additional 5,294 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Yiren Digital by 43.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock worth $185,000 after buying an additional 11,583 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Yiren Digital in the fourth quarter valued at $61,000. Finally, Invesco Ltd. purchased a new position in shares of Yiren Digital in the 4th quarter valued at about $71,000. 1.99% of the stock is owned by institutional investors and hedge funds.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.