AMTD Digital (NYSE:HKD) Shares Down 1.1% – Time to Sell?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) dropped 1.1% during trading on Friday . The company traded as low as $1.31 and last traded at $1.3250. Approximately 222,094 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 219,547 shares. The stock had previously closed at $1.34.

AMTD Digital Trading Down 1.1%

The business’s fifty day simple moving average is $1.42 and its 200-day simple moving average is $1.63.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AMTD Digital stock. Euro Pacific Asset Management LLC bought a new position in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. 5.75% of the stock is currently owned by hedge funds and other institutional investors.

AMTD Digital Company Profile

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.