Yatsen (NYSE:YSG) Stock Price Up 5.9% – Here’s Why

Yatsen Holding Limited (NYSE:YSG)’s stock price traded up 5.9% during trading on Wednesday . The stock traded as high as $5.89 and last traded at $5.93. 122,805 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 132,290 shares. The stock had previously closed at $5.60.

Yatsen Trading Up 3.8 %

The company has a market cap of $584.17 million, a price-to-earnings ratio of -5.33 and a beta of -2.56. The business’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Yatsen during the third quarter worth about $43,000. Public Employees Retirement System of Ohio raised its stake in Yatsen by 1,446.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company’s stock valued at $51,000 after purchasing an additional 11,878 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Yatsen by 22.8% during the fourth quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company’s stock worth $74,000 after purchasing an additional 3,435 shares during the period. Jane Street Group LLC grew its stake in Yatsen by 113.8% during the fourth quarter. Jane Street Group LLC now owns 104,785 shares of the company’s stock worth $417,000 after buying an additional 55,766 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Yatsen in the 4th quarter valued at about $169,000.

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.