AMTD Digital (NYSE:HKD) Stock Price Up 1.5% – Time to Buy?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) shares were up 1.5% on Tuesday . The stock traded as high as $1.6919 and last traded at $1.6650. Approximately 215,187 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,405,476 shares. The stock had previously closed at $1.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of AMTD Digital in a report on Monday, March 9th. They set a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

AMTD Digital Trading Up 1.5%

The stock has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.60. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On AMTD Digital

Several hedge funds have recently bought and sold shares of HKD. XTX Topco Ltd acquired a new position in shares of AMTD Digital in the fourth quarter valued at approximately $80,000. Renaissance Technologies LLC lifted its holdings in AMTD Digital by 127.2% during the 4th quarter. Renaissance Technologies LLC now owns 83,161 shares of the company’s stock worth $106,000 after buying an additional 46,561 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in AMTD Digital by 182.5% during the 3rd quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock worth $114,000 after buying an additional 41,063 shares in the last quarter. Institutional investors and hedge funds own 5.75% of the company’s stock.

About AMTD Digital

AMTD Digital Inc is a Cayman Islands–incorporated digital technology and financial service provider that delivers a suite of digital-first solutions to financial institutions, corporations and government bodies. As a subsidiary of AMTD Group, the company leverages its expertise in digital transformation to support clients’ needs for scalable, secure and data-driven platforms.

The company’s core offerings include digital brokerage, digital wealth management, digital insurance and digital capital markets services, supplemented by tokenization and digital asset solutions.