Yuanbao (NASDAQ:YB) Reaches New 1-Year Low – Should You Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) reached a new 52-week low on Wednesday. The company traded as low as $11.31 and last traded at $11.41, with a volume of 39,396 shares. The stock had previously closed at $11.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $21.80.

Yuanbao Trading Down 2.9%

The firm has a market cap of $514.36 million, a price-to-earnings ratio of 2.61 and a beta of 0.56. The firm’s 50-day moving average is $13.09 and its 200-day moving average is $14.63.

Yuanbao (NASDAQ:YB) last released its quarterly earnings data on Friday, September 11th. The company reported $1.26 earnings per share for the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%. The firm had revenue of $204.92 million for the quarter.

Institutional Investors Weigh In On Yuanbao

An institutional investor recently bought a new position in Yuanbao stock. Ramsey Quantitative Systems purchased a new stake in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,489 shares of the company’s stock, valued at approximately $160,000. Yuanbao comprises 0.1% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 26th largest position.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.