Thursday’s 10 Worst-Performing Stocks

8. Yiren Digital Ltd. (NYSE:YRD)

Shares of Yiren Digital fell by 20.44 percent on Thursday to end at $6.85 each as investors disposed of shares in the company following a dismal earnings performance last year.

In its latest earnings release, YRD said net income dropped by 42 percent to RMB331 million from RMB571 million in the same period a year earlier, while revenues increased by 13.9 percent to RMB1.452 billion from RMB1.274 billion.

Meanwhile, net income in full year 2024 decreased by 23.9 percent to RMB1.582 billion from RMB2.080 billion in 2023, while revenues increased by 18.5 percent to RMB5.805 billion from RMB4.895 billion.

For this year, the company said it expects to book revenues between RMB5.5 billion and RMB6.5 billion, coupled with a healthy net profit margin.

YRD is a financial technology services company based in China, providing both credit and wealth management services.