Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) reached a new 52-week low on Monday. The stock traded as low as $10.96 and last traded at $10.96, with a volume of 12,749 shares. The stock had previously closed at $11.20.
Analyst Upgrades and Downgrades
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’s stock. Based on data from MarketBeat, Yuanbao presently has a consensus rating of “Reduce” and an average price target of $21.80.
Read Our Latest Stock Analysis on YB
Yuanbao Stock Down 2.1%
The firm has a market capitalization of $494.08 million, a PE ratio of 2.47 and a beta of 0.56. The business’s 50-day moving average price is $12.40 and its 200-day moving average price is $15.62.
Yuanbao (NASDAQ:YB – Get Free Report) last issued its earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%. The company had revenue of $204.92 million during the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada purchased a new position in shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 4,079 shares of the company’s stock, valued at approximately $72,000.
About Yuanbao
Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.
Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.
The company primarily serves customers in China through online platforms and mobile applications.
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