So-Young International (NASDAQ:SY) Stock Price Down 4.9% – Here’s Why

So-Young International Inc. Sponsored ADR (NASDAQ:SY) shares fell 4.9% during trading on Thursday. The company traded as low as $2.70 and last traded at $2.70. Approximately 313,707 shares were traded during trading, a decline of 72% from the average daily volume of 1,137,570 shares. The stock had previously closed at $2.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of So-Young International in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

So-Young International Trading Down 4.9%

The business’s fifty day moving average price is $2.35 and its 200 day moving average price is $2.38. The firm has a market capitalization of $274.32 million, a price-to-earnings ratio of -7.94 and a beta of 2.11.

So-Young International (NASDAQ:SY) last issued its quarterly earnings results on Monday, August 31st. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. So-Young International had a negative net margin of 13.62% and a negative return on equity of 13.65%. The firm had revenue of $74.36 million during the quarter, compared to analysts’ expectations of $70.40 million.

Institutional Investors Weigh In On So-Young International

An institutional investor recently raised its position in So-Young International stock. Dimensional Fund Advisors LP increased its stake in shares of So-Young International Inc. Sponsored ADR (NASDAQ:SY) by 30.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,536 shares of the company’s stock after buying an additional 54,122 shares during the quarter. Dimensional Fund Advisors LP owned about 0.23% of So-Young International worth $638,000 at the end of the most recent quarter. Institutional investors own 35.31% of the company’s stock.

So-Young International Company Profile

So-Young International Ltd. is a China-based online platform focused on medical aesthetics and consumer healthcare. Through its So-Young mobile application and website, the company provides information about cosmetic procedures, publishes user-generated content and reviews, and helps consumers discover medical aesthetic practitioners and clinics.

The platform also supports appointment booking and other services that connect consumers with providers. For medical aesthetic institutions and practitioners, So-Young offers marketing, advertising, and technology services intended to help attract prospective patients and manage customer relationships.