Yatsen (NYSE:YSG) Reaches New 52-Week High – Time to Buy?

Yatsen Holding Limited (NYSE:YSG) shares reached a new 52-week high during trading on Friday . The stock traded as high as $5.00 and last traded at $4.98, with a volume of 128919 shares. The stock had previously closed at $4.78.

Yatsen Stock Up 4.4 %

The stock’s 50 day moving average is $3.78 and its two-hundred day moving average is $3.56.

Hedge Funds Weigh In On Yatsen

A number of institutional investors have recently modified their holdings of YSG. Dimensional Fund Advisors LP purchased a new stake in Yatsen in the 2nd quarter worth approximately $207,000. Vontobel Holding Ltd. grew its position in Yatsen by 50.9% during the third quarter. Vontobel Holding Ltd. now owns 122,521 shares of the company’s stock valued at $418,000 after buying an additional 41,352 shares during the period. PFG Investments LLC acquired a new position in shares of Yatsen in the third quarter worth about $92,000. Finally, XTX Topco Ltd purchased a new stake in shares of Yatsen during the 3rd quarter worth 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.