Kuke Music (NYSE:KUKE) Trading Down 0.6% – Here’s Why

Kuke Music Holding Limited (NYSE:KUKE)’s share price dropped 0.6% during mid-day trading on Monday . The stock traded as low as $3.08 and last traded at $3.15. Approximately 5,063 shares were traded during trading, a decline of 93% from the average daily volume of 70,674 shares. The stock had previously closed at $3.17.

Kuke Music Stock Down 0.6%

The company has a fifty day moving average of $3.61 and a 200-day moving average of $3.61. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On Kuke Music

A hedge fund recently bought a new stake in Kuke Music stock. Citadel Advisors LLC acquired a new stake in Kuke Music Holding Limited (NYSE:KUKE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 93,819 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned 0.30% of Kuke Music at the end of the most recent reporting period. Institutional investors and hedge funds own 0.02% of the company’s stock.

About Kuke Music

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments: Subscription, Licensing and Smart Education Business; and Music Events and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.