Yatsen (NYSE:YSG) Shares Down 7.8%

Shares of Yatsen Holding Limited (NYSE:YSG) were down 7.8% during trading on Wednesday . The stock traded as low as $3.24 and last traded at $3.26. Approximately 112,239 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 274,902 shares. The stock had previously closed at $3.53.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on shares of Yatsen from $4.70 to $3.80 and set a “neutral” rating for the company in a research report on Monday, June 17th.

Yatsen Stock Down 7.8 %

The company has a market cap of $330.48 million, a PE ratio of -2.69 and a beta of -2.81. The business’s 50 day moving average price is $3.51 and its 200-day moving average price is $3.34.

Yatsen (NYSE:YSG) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.17). Yatsen had a negative net margin of 26.62% and a negative return on equity of 12.48%. The business had revenue of $109.33 million for the quarter. During the same period in the previous year, the business posted ($0.15) EPS. Equities analysts expect that Yatsen Holding Limited will post -0.17 earnings per share for the current year.

Institutional Trading of Yatsen

An institutional investor recently bought a new position in Yatsen stock. Acadian Asset Management LLC purchased a new position in shares of Yatsen Holding Limited (NYSE:YSG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 89,996 shares of the company’s stock, valued at approximately $189,000. Acadian Asset Management LLC owned 0.08% of Yatsen at the end of the most recent quarter.

About Yatsen

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.