NAMI (NASDAQ:NAMI) Trading 2.9% Higher – Here’s What Happened

NAMI Corp. (NASDAQ:NAMI) shares traded up 2.9% on Thursday . The stock traded as high as $0.6999 and last traded at $0.6999. 7,127 shares changed hands during trading, a decline of 69% from the average session volume of 22,829 shares. The stock had previously closed at $0.6805.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, NAMI currently has a consensus rating of “Sell”.

NAMI Price Performance

The stock’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $1.11.

NAMI (NASDAQ:NAMI) last posted its earnings results on Tuesday, September 30th. The company reported ($0.18) EPS for the quarter. The company had revenue of $14.55 million during the quarter.

NAMI declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NAMI stock. XTX Topco Ltd purchased a new position in shares of NAMI Corp. (NASDAQ:NAMI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,778 shares of the company’s stock, valued at approximately $75,000.

NAMI Company Profile

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.