Yimutian Inc. – Sponsored ADR (NASDAQ:YMT – Get Free Report)’s share price rose 9.9% on Tuesday . The company traded as high as $0.4370 and last traded at $0.3299. Approximately 85,371,379 shares were traded during trading, an increase of 45,121% from the average daily volume of 188,789 shares. The stock had previously closed at $0.3001.
Analysts Set New Price Targets
Separately, Weiss Ratings began coverage on Yimutian in a research report on Wednesday, February 11th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Yimutian
Yimutian Price Performance
Yimutian (NASDAQ:YMT – Get Free Report) last posted its earnings results on Tuesday, December 30th. The company reported ($0.27) EPS for the quarter. The business had revenue of $4.55 million for the quarter.
Institutional Trading of Yimutian
Several hedge funds have recently added to or reduced their stakes in YMT. Millennium Management LLC acquired a new position in Yimutian during the 3rd quarter worth $41,000. XTX Topco Ltd acquired a new position in shares of Yimutian during the fourth quarter valued at $35,000. Finally, Citadel Advisors LLC bought a new stake in shares of Yimutian during the third quarter valued at about $309,000.
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.
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