Yimutian Inc. – Sponsored ADR’s Lock-Up Period To Expire on February 16th (NASDAQ:YMT)

Yimutian’s (NASDAQ:YMT) lock-up period will end on Monday, February 16th. Yimutian had issued 5,010,000 shares in its initial public offering on August 19th. The total size of the offering was $20,541,000 based on an initial share price of $4.10. After the expiration of Yimutian’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Yimutian Stock Down 8.7%

Shares of NASDAQ:YMT opened at $1.64 on Monday. The stock’s 50-day moving average price is $1.59. Yimutian has a 12 month low of $1.00 and a 12 month high of $6.05.

Yimutian (NASDAQ:YMT) last issued its earnings results on Tuesday, December 30th. The company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $4.55 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yimutian stock. Citadel Advisors LLC acquired a new position in shares of Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 166,386 shares of the company’s stock, valued at approximately $309,000. Citadel Advisors LLC owned approximately 0.15% of Yimutian at the end of the most recent reporting period.

About Yimutian

Our mission is to make every acre of farmland more valuable via technology and industry know-how. We are the largest agricultural B2B platform in mainland China in terms of monthly active merchants in 2024, according to the F&S Report. We believe technology plays a critical role in agriculture, contributing to increased productivity of the industry. Over a decade, we have been dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process, making it efficient, transparent, secure, and convenient.