Kuke Music (NYSE:KUKE) Shares Up 1.4% – Here’s What Happened

Kuke Music Holding Limited Sponsored ADR (NYSE:KUKE)’s stock price rose 1.4% on Monday . The stock traded as high as $1.79 and last traded at $1.77. Approximately 18,925 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 26,876 shares. The stock had previously closed at $1.75.

Kuke Music Trading Up 1.4%

The company’s 50 day moving average price is $2.67 and its two-hundred day moving average price is $3.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.34 and a quick ratio of 0.34.

Hedge Funds Weigh In On Kuke Music

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

Kuke Music Company Profile

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.