Yatsen (NYSE:YSG) Stock Price Up 5.5% – Here’s Why

Yatsen Holding Limited Sponsored ADR (NYSE:YSG) was up 5.5% on Friday . The stock traded as high as $9.73 and last traded at $9.67. Approximately 408,940 shares changed hands during trading, an increase of 96% from the average daily volume of 208,747 shares. The stock had previously closed at $9.16.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Yatsen from a “buy” rating to a “hold” rating in a report on Sunday.

Yatsen Stock Performance

The firm has a market cap of $874.89 million, a PE ratio of -11.29 and a beta of -2.40. The firm has a fifty day simple moving average of $5.54 and a two-hundred day simple moving average of $4.56.

Yatsen (NYSE:YSG) last released its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $114.86 million for the quarter. Yatsen had a negative net margin of 17.03% and a negative return on equity of 17.36%. Equities analysts forecast that Yatsen Holding Limited Sponsored ADR will post -0.32 EPS for the current fiscal year.

Yatsen declared that its Board of Directors has approved a share buyback program on Friday, May 16th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Yatsen

Institutional investors and hedge funds have recently modified their holdings of the stock. Yiheng Capital Management L.P. purchased a new position in shares of Yatsen in the 4th quarter worth approximately $42,000. Bank of America Corp DE purchased a new position in shares of Yatsen in the 4th quarter worth approximately $42,000. Marshall Wace LLP purchased a new position in shares of Yatsen in the 4th quarter worth approximately $47,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Yatsen by 1,446.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company’s stock worth $51,000 after purchasing an additional 11,878 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Yatsen in the 1st quarter worth approximately $85,000.

About Yatsen

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.