Notable News to Watch: Yiren Digital Ltd. (NYSE:YRD)

Yiren Digital Ltd. (NYSE:YRD) spotted trading -70.99% off 52-week high price. On the other end, the stock has been noted 15.00% away from the low price over the last 52-weeks. The stock changed 1.40% to recent value of $5.06. The stock transacted 141423 shares during most recent day however it has an average volume of 185.15K shares. The company has 92.53M of outstanding shares and 15.27M shares were floated in the market.  

On Dec. 27, 2019, Yiren Digital Ltd. (NYSE:YRD) a leading fintech company in China, reported changes to its board of directors (the Board) and management team.

Mr. Jingsheng Huang, Yiren Digital’s current independent director, will become a senior advisor to CreditEase, the Company’s parent company and controlling shareholder, and jointly manage the new Impact Investment Fund for CreditEase Wealth Management Division. Mr. Huang will remain as a director of the Board but no longer serve as an independent member of the Board, including as a member of all committees of the Board on which he served, effective January 1, 2020. To fill the independent director vacancy, the Board welcomes the appointment of Mr. Hao Li as an independent director of the Company and as a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board, effective January 1, 2020. Upon the effectiveness of his appointment, Mr. Li will perform his duties as an independent member of the Board and the three board committees mentioned above.

Mr. Li is the founder and chairman of the board of CTG Group, a human resource services provider in China. As a well-regarded business entrepreneur, Mr. Li founded CTG Group in his early twenties in 2003 and developed the company into a leading human resource management company in China that has served over 25,000 corporate clients covering 500 cities over the past 16 years.

 Its earnings per share (EPS) expected to touch remained -24.40% for this year while earning per share for the next 5-years is expected to reach at -0.21%. YRD has a gross margin of 92.20%. 

The price moved ahead of 5.48% from the mean of 20 days, -11.54% from mean of 50 days SMA and performed -52.26% from mean of 200 days price. Company’s performance for the week was 2.22%, -0.98% for month and YTD performance remained -52.93%.

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