Yiren Digital (NYSE:YRD) Upgraded by StockNews.com to "Strong-Buy"

Yiren Digital (NYSE:YRD - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Monday.Get Yiren Digital alerts:Yiren Digital Stock PerformanceYRD traded up $0.05 on Monday, hitting $5.88. 104,868 shares of the company were exchanged, compared to its average volume of 146,386. Yiren Digital has a 12 month low of $2.16 and a 12 month high of $9.20. The company has a market cap of $511.18 million, a PE ratio of 1.77 and a beta of 0.72. The stock's fifty day moving average is $5.23 and its 200-day moving average is $4.97. Yiren Digital (NYSE:YRD - Get Free Report) last released its earnings results on Tuesday, August 20th. The technology company reported $0.65 earnings per share (EPS) for the quarter. Yiren Digital had a return on equity of 24.38% and a net margin of 37.05%. The business had revenue of $205.93 million for the quarter. Hedge Funds Weigh In On Yiren DigitalA number of institutional investors have recently bought and sold shares of the business. Creative Planning acquired a new position in Yiren Digital during the third quarter worth approximately $89,000. XTX Topco Ltd acquired a new position in Yiren Digital during the second quarter worth approximately $70,000. Dimensional Fund Advisors LP increased its position in Yiren Digital by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,021,035 shares of the technology company's stock worth $4,626,000 after buying an additional 90,726 shares during the last quarter. Acadian Asset Management LLC increased its position in Yiren Digital by 6.3% during the second quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company's stock worth $1,943,000 after buying an additional 25,811 shares during the last quarter. Finally, Secure Asset Management LLC acquired a new position in Yiren Digital during the second quarter worth approximately $310,000. Institutional investors and hedge funds own 1.99% of the company's stock. Yiren Digital Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Yiren DigitalWhat Are Growth Stocks and Investing in Them Analysts Predict New Highs for Cybersecurity Stock by ChristmasWhy Special Dividends Can be a Delightful Surprise for Income InvestorsNuclear Power Reaches Critical Mass: Top Stocks to Watch NowWhat is the Euro STOXX 50 Index?2 Energy Stocks Surging on Billion-Dollar DOE Loan CommitmentsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ $5k to $1.3m in just 3 trades (From Insiders Exposed) (Ad)Should you invest $1,000 in Yiren Digital right now?Before you consider Yiren Digital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yiren Digital wasn't on the list.While Yiren Digital currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here