Yunji (NASDAQ:YJ) Hits New 1-Year Low at $4.02

Yunji Inc (NASDAQ:YJ)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $4.02 and last traded at $4.11, with a volume of 535700 shares. The stock had previously closed at $4.27.

Separately, JPMorgan Chase & Co. lowered Yunji from an “overweight” rating to a “neutral” rating in a report on Thursday, August 29th.

The stock has a fifty day moving average price of $5.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.65 and a quick ratio of 1.35.

Yunji (NASDAQ:YJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.18). The business had revenue of $446.33 million during the quarter. As a group, research analysts predict that Yunji Inc will post -0.11 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Picton Mahoney Asset Management boosted its position in Yunji by 35.7% during the third quarter. Picton Mahoney Asset Management now owns 47,500 shares of the company’s stock worth $326,000 after purchasing an additional 12,500 shares in the last quarter. Yiheng Capital LLC purchased a new position in Yunji during the second quarter worth approximately $6,215,000. Morgan Stanley purchased a new position in Yunji during the second quarter worth approximately $82,000. Finally, Yong Rong HK Asset Management Ltd purchased a new position in Yunji during the second quarter worth approximately $22,374,000. Institutional investors own 7.64% of the company’s stock.

About Yunji (NASDAQ:YJ)

Yunji Inc operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances.

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