Yirendai Ltd – (YRD) Trading Down 5.9%
Yirendai Ltd – (NYSE:YRD) shares were down 5.9% during trading on Wednesday . The company traded as low as $19.74 and last traded at $20.18, with a volume of 959,792 shares. The stock had previously closed at $21.44.
A number of research analysts have commented on YRD shares. Needham & Company LLC increased their target price on Yirendai Ltd – from $14.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Zacks Investment Research downgraded Yirendai Ltd – from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Nomura downgraded Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a report on Wednesday, August 10th.
The company has a market cap of $1.21 billion and a price-to-earnings ratio of 13.10. The stock has a 50 day moving average of $26.07 and a 200 day moving average of $16.66.
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Yirendai Ltd – (NYSE:YRD) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The company earned $110.40 million during the quarter, compared to analyst estimates of $97.01 million. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that Yirendai Ltd – will post $1.69 earnings per share for the current year.
Yirendai Ltd – Company Profile
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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