NAMI (NASDAQ:NAMI) Shares Down 4.6% – What’s Next?

NAMI Corp. (NASDAQ:NAMI)’s share price traded down 4.6% on Monday . The company traded as low as $0.93 and last traded at $0.93. 24,746 shares traded hands during trading, a decline of 35% from the average session volume of 38,120 shares. The stock had previously closed at $0.9750.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NAMI in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

NAMI Stock Down 4.6%

The business’s fifty day simple moving average is $1.03 and its 200 day simple moving average is $1.46.

NAMI announced that its board has approved a stock buyback plan on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On NAMI

A hedge fund recently bought a new stake in NAMI stock. XTX Topco Ltd acquired a new stake in NAMI Corp. (NASDAQ:NAMI) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 26,778 shares of the company’s stock, valued at approximately $75,000.

About NAMI

Jinxin Technology Holding Co engages in the provision of digital content services. The company was founded in August 2015 and is headquartered in Shanghai, China.