Yirendai (NYSE:YRD) Stock Price Crosses Below Fifty Day Moving Average - Here's What Happened

Yirendai Ltd. (NYSE:YRD - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.26 and traded as low as $4.32. Yirendai shares last traded at $4.4050, with a volume of 54,323 shares.Analysts Set New Price TargetsSeparately, Weiss Ratings reiterated a "hold (c)" rating on shares of Yirendai in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".Read Our Latest Stock Analysis on YirendaiYirendai Stock PerformanceThe firm's fifty day simple moving average is $5.26 and its 200 day simple moving average is $5.81. The stock has a market capitalization of $380.64 million, a price-to-earnings ratio of 2.21 and a beta of 0.83. Yirendai (NYSE:YRD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $218.42 million during the quarter. Yirendai had a net margin of 20.19% and a return on equity of 12.66%. Institutional Investors Weigh In On YirendaiSeveral institutional investors have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new position in shares of Yirendai during the 1st quarter worth approximately $103,000. Catalyst Funds Management Pty Ltd grew its position in Yirendai by 13.6% in the second quarter. Catalyst Funds Management Pty Ltd now owns 15,900 shares of the technology company's stock valued at $93,000 after purchasing an additional 1,900 shares in the last quarter. American Century Companies Inc. increased its stake in Yirendai by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company's stock valued at $140,000 after buying an additional 6,261 shares during the last quarter. Raymond James Financial Inc. lifted its position in Yirendai by 5,362.0% during the 3rd quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company's stock worth $162,000 after buying an additional 26,810 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Yirendai by 48.8% during the 1st quarter. Trexquant Investment LP now owns 42,619 shares of the technology company's stock worth $293,000 after buying an additional 13,973 shares during the last quarter. Institutional investors own 1.99% of the company's stock. Yirendai 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 ArticlesFive stocks we like better than YirendaiHow Can Retail Investors Trade the Toronto Stock Exchange (TSX)?Synopsys Sees Bullish Shift as Ansys Integration Drives GrowthWhat Does Downgrade Mean in Investing?The Best Holiday Present You Can Give Yourself? Costco Stock3 Monster Growth Stocks to Buy NowWhy Zscaler Stock Could Be Ready to Bounce After a 30% SelloffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Yirendai Right Now?Before you consider Yirendai, 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 Yirendai wasn't on the list.While Yirendai currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here