The stock of Yirendai Ltd – ADR (NYSE:YRD) is a huge mover today! The stock increased 4.70% or $1.31 on November 29, hitting $29.17. About 1.06 million shares traded hands or 100.86% up from the average. Yirendai Ltd – ADR (NYSE:YRD) has risen 126.32% since April 26, 2016 and is uptrending. It has outperformed by 121.06% the S&P500.
The move comes after 6 months positive chart setup for the $1.71 billion company. It was reported on Nov, 29 by Barchart.com. We have $30.34 PT which if reached, will make NYSE:YRD worth $68.40M more.
Analysts await Yirendai Ltd – ADR (NYSE:YRD) to report earnings on March, 8. They expect $0.63 earnings per share, up 152.00% or $0.38 from last year’s $0.25 per share. YRD’s profit will be $36.93 million for 11.58 P/E if the $0.63 EPS becomes a reality. After $0.85 actual earnings per share reported by Yirendai Ltd – ADR for the previous quarter, Wall Street now forecasts -25.88% negative EPS growth.
According to Zacks Investment Research, “Yirendai Ltd. is involved in the online consumer finance business. Yirendai Ltd. is based in Beijing, China.”
More recent Yirendai Ltd – ADR (NYSE:YRD) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on November 19, 2015. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on December 12, 2015. Bidnessetc.com‘s news article titled: “Here’s Why Yirendai Ltd (YRD) Stock Crashed Today” with publication date: August 24, 2016 was also an interesting one.
YRD Company Profile
Yirendai Ltd., incorporated on September 1, 2014, is engaged in online consumer finance marketplace business in China. The Firm conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co., Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co., Ltd. (Heng Cheng). Heng Cheng operates its Website, www.yirendai.com, and has an Internet content well-known provider (ICP) license as an Internet information provider. The Company’s online marketplace facilitates standard loan products, express loan products and vertical loan products to borrowers. Uses for these loan products include home remodels, durable good purchases, travel and continuing education.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.