Yatsen (NYSE:YSG) trades up 6.2% on strong earnings

Shares of Yatsen Holding Limited (NYSE:YSG – Get Rating) traded up 6.2% in Friday’s session after the company reported better-than-expected quarterly results. The company traded as low as $1.29 and last traded at $1.29. 53,239 shares were traded during trading, down 97% from the average session volume of 1,958,213 shares. The stock had previously closed at $1.21.

The company reported ($0.34) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.37) by $0.03. Yatsen had a negative return on equity of 21.36% and a negative net margin of 28.67%. During the same period last year, the company posted ($0.05) earnings per share.

Yatsen Institutional Trading

Hedge funds have recently changed their stakes in the company. Quantbot Technologies LP increased its position in Yatsen by 204.3% during the first quarter. Quantbot Technologies LP now owns 80,700 shares of the company worth $55,000 after purchasing an additional 54,176 shares in the last quarter. Virtu Financial LLC bought a new position in Yatsen in Q1 worth around $92,000. GSA Capital Partners LLP increased its stake in Yatsen by 482.7% during the 1st quarter. GSA Capital Partners LLP now owns 191,253 shares of the company worth $131,000 after acquiring an additional 158,429 shares during the period. Daiwa Securities Group Inc. increased its stake in Yatsen by 114.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 203,176 shares of the company worth $139,000 after acquiring an additional 108,323 shares during the period. Finally, Helios Capital Management PTE. ltd. increased its stake in Yatsen by 154.3% during the 1st quarter. Helios Capital Management PTE. ltd. now owns 206,000 shares of the company worth $141,000 after acquiring an additional 125,000 shares during the period. Hedge funds and other institutional investors hold 79.87% of the company’s shares.

Yatsen trades up 9.9%

The company has a market capitalization of $608.22 million, a price-earnings ratio of -3.17 and a beta of -5.16. The company’s fifty-day moving average price is $1.37 and its 200-day moving average price is $1.01.

Yatsen Company Profile

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Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the brands Perfect Diary, Little Ondine, Pink Bear, Abby’s Choice, Galínic, DR.WU, Eve Lom and EANTiM in the People’s Republic of China. . It offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; and makeup tools and accessories, including brush sets, cosmetic cotton pads, mirrors, and makeup sponges.

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