AMTD Digital (NYSE:HKD) Stock Price Down 4.6% – Should You Sell?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s stock price was down 4.6% on Wednesday . The stock traded as low as $1.3330 and last traded at $1.3450. Approximately 487,503 shares were traded during trading, a decline of 1% from the average daily volume of 491,313 shares. The stock had previously closed at $1.41.

AMTD Digital Trading Down 4.6%

The firm has a 50-day moving average of $1.65 and a two-hundred day moving average of $1.73.

AMTD Digital (NYSE:HKD) last released its earnings results on Friday, October 31st. The company reported $0.11 earnings per share for the quarter. The business had revenue of $23.75 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMTD Digital stock. Euro Pacific Asset Management LLC bought a new position in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 208,891 shares of the company’s stock, valued at approximately $366,000. Euro Pacific Asset Management LLC owned approximately 0.08% of AMTD Digital as of its most recent SEC filing. Institutional investors own 5.75% of the company’s stock.

AMTD Digital Company Profile

AMTD Digital Inc, through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. The company operates through Digital Solutions ServicesFinancial Services, Digital Solutions ServicesNon Financial Services, Digital Media, Content, and Marketing Services, and Digital Investments segments.