Yimutian Inc. – Sponsored ADR (NASDAQ:YMT – Get Free Report) was down 2.7% on Wednesday . The stock traded as low as $0.4307 and last traded at $0.4641. Approximately 313,385 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 810,165 shares. The stock had previously closed at $0.4771.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Research Report on YMT
Yimutian Trading Down 2.7%
Yimutian (NASDAQ:YMT – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($8.70) earnings per share for the quarter. The business had revenue of $5.42 million during the quarter.
Institutional Investors Weigh In On Yimutian
A number of hedge funds and other institutional investors have recently modified their holdings of YMT. Citadel Advisors LLC bought a new position in Yimutian in the 3rd quarter valued at about $309,000. XTX Topco Ltd acquired a new stake in shares of Yimutian in the 4th quarter worth approximately $35,000. Finally, Millennium Management LLC bought a new position in shares of Yimutian in the third quarter valued at approximately $41,000.
Yimutian Company Profile
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.
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