Yatsen (NYSE:YSG) Reaches New 52-Week High – Still a Buy?

Yatsen Holding Limited (NYSE:YSG)’s stock price reached a new 52-week high during trading on Saturday . The company traded as high as $5.26 and last traded at $5.23, with a volume of 333562 shares trading hands. The stock had previously closed at $4.90.

Yatsen Price Performance

The company’s 50 day simple moving average is $3.56 and its two-hundred day simple moving average is $3.78. The stock has a market capitalization of $525.20 million, a P/E ratio of -4.80 and a beta of -2.56.

Hedge Funds Weigh In On Yatsen

Institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Yatsen in the fourth quarter valued at about $452,000. Dimensional Fund Advisors LP grew its holdings in Yatsen by 43.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 213,830 shares of the company’s stock worth $852,000 after acquiring an additional 64,416 shares during the last quarter. Jane Street Group LLC increased its position in Yatsen by 113.8% in the 4th quarter. Jane Street Group LLC now owns 104,785 shares of the company’s stock valued at $417,000 after acquiring an additional 55,766 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Yatsen in the fourth quarter worth about $188,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Yatsen during the fourth quarter worth approximately $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.