Yunji (NASDAQ:YJ) Shares Up 1.2% – Should You Buy?

Yunji Inc. Sponsored ADR (NASDAQ:YJ) traded up 1.2% on Monday. The stock traded as high as $1.7810 and last traded at $1.64. 34,643 shares changed hands during trading, a decline of 64% from the average daily volume of 96,383 shares. The stock had previously closed at $1.62.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Yunji from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Yunji Price Performance

The business’s fifty day moving average price is $2.10 and its 200-day moving average price is $1.78. The stock has a market capitalization of $8.13 million, a price-to-earnings ratio of -0.49 and a beta of 0.42.

Yunji (NASDAQ:YJ) last released its quarterly earnings results on Thursday, August 20th. The company reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.87). The company had revenue of $7.09 million during the quarter, compared to analyst estimates of $16.83 million.

About Yunji

Yunji Inc is a China-based social e-commerce company that operates an online platform connecting consumers with branded and private-label merchandise. Its offerings have included food and beverages, household goods, personal care products, apparel, consumer electronics and other everyday products.

The company’s business model combines mobile commerce with social networking and membership-based shopping. Yunji has used member communities, product recommendations and social sharing to support customer engagement and product distribution, while also offering opportunities for individual members to promote products through the platform.

Founded in 2015, Yunji is headquartered in Hangzhou, China.