Yueda Digital (NASDAQ:YDKG) Stock Price Down 1% – Here’s What Happened

Yueda Digital Holding (NASDAQ:YDKG)’s share price dropped 1% during mid-day trading on Thursday . The stock traded as low as $0.9841 and last traded at $1.01. Approximately 94,139 shares changed hands during trading, a decline of 30% from the average daily volume of 134,547 shares. The stock had previously closed at $1.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Yueda Digital in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Yueda Digital Stock Down 1.0%

The stock’s 50-day simple moving average is $1.25.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Yueda Digital stock. Virtu Financial LLC acquired a new position in shares of Yueda Digital Holding (NASDAQ:YDKG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,619 shares of the company’s stock, valued at approximately $44,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

About Yueda Digital

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.