Yatsen (NYSE:YSG) Sees Large Volume Increase – Still a Buy?

Yatsen Holding Limited (NYSE:YSG) shares saw unusually-strong trading volume on Friday . Approximately 227,362 shares changed hands during trading, an increase of 62% from the previous session’s volume of 139,921 shares.The stock last traded at $5.08 and had previously closed at $5.40.

Yatsen Price Performance

The business’s 50 day moving average is $3.79 and its 200 day moving average is $3.86. The stock has a market cap of $470.15 million, a price-to-earnings ratio of -4.29 and a beta of -2.56.

Hedge Funds Weigh In On Yatsen

A number of institutional investors and hedge funds have recently modified their holdings of the company. Yiheng Capital Management L.P. purchased a new stake in Yatsen in the fourth quarter valued at $42,000. Bank of America Corp DE purchased a new stake in Yatsen in the fourth quarter valued at $42,000. Marshall Wace LLP purchased a new stake in Yatsen in the fourth quarter valued at $47,000. Public Employees Retirement System of Ohio lifted its position 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 acquiring an additional 11,878 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Yatsen in the third quarter valued at $43,000.

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.