GD Culture Group (NASDAQ:GDC) Shares Down 7.6% – Here’s What Happened

Shares of GD Culture Group Limited (NASDAQ:GDC) fell 7.6% during trading on Monday . The stock traded as low as $2.27 and last traded at $2.30. 14,799 shares traded hands during trading, a decline of 98% from the average session volume of 931,726 shares. The stock had previously closed at $2.49.

GD Culture Group Stock Performance

The company has a market cap of $28.25 million, a price-to-earnings ratio of -1.52 and a beta of 1.50. The stock’s fifty day simple moving average is $2.06 and its two-hundred day simple moving average is $2.02.

GD Culture Group (NASDAQ:GDC) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.20) earnings per share for the quarter.

Hedge Funds Weigh In On GD Culture Group

A hedge fund recently bought a new stake in GD Culture Group stock. Two Sigma Securities LLC acquired a new stake in shares of GD Culture Group Limited (NASDAQ:GDC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 47,057 shares of the company’s stock, valued at approximately $89,000. Two Sigma Securities LLC owned about 0.42% of GD Culture Group at the end of the most recent reporting period. 0.55% of the stock is currently owned by hedge funds and other institutional investors.

About GD Culture Group

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses.