Yatsen (NYSE:YSG) Trading 5.6% Higher – Should You Buy?

Yatsen Holding Limited (NYSE:YSG) shares traded up 5.6% during mid-day trading on Thursday . The company traded as high as $5.62 and last traded at $5.69. 152,050 shares changed hands during trading, a decline of 35% from the average session volume of 232,568 shares. The stock had previously closed at $5.39.

Yatsen Stock Down 8.9 %

The firm’s 50 day simple moving average is $4.01 and its 200-day simple moving average is $3.93. The company has a market capitalization of $460.64 million, a PE ratio of -4.61 and a beta of -2.56.

Institutional Investors Weigh In On Yatsen

Several institutional investors and hedge funds have recently modified their holdings of the stock. Yiheng Capital Management L.P. purchased a new position in Yatsen in the 4th quarter worth approximately $42,000. Bank of America Corp DE purchased a new position in shares of Yatsen in the fourth quarter valued at $42,000. Marshall Wace LLP purchased a new stake in Yatsen during the 4th quarter worth $47,000. Public Employees Retirement System of Ohio lifted its holdings in Yatsen by 1,446.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company’s stock worth $51,000 after buying an additional 11,878 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Yatsen in the 3rd quarter valued at about $43,000.

Yatsen Company Profile

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.