Shares of Yimutian Inc. – Sponsored ADR (NASDAQ:YMT – Get Free Report) were down 8.5% during mid-day trading on Wednesday . The stock traded as low as $0.96 and last traded at $0.97. Approximately 44,376 shares traded hands during trading, a decline of 70% from the average daily volume of 148,100 shares. The stock had previously closed at $1.06.
Analyst Upgrades and Downgrades
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.com, the stock currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on YMT
Yimutian Trading Down 8.5%
Yimutian (NASDAQ:YMT – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($8.70) EPS for the quarter. The firm had revenue of $5.42 million for the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC bought a new position in Yimutian in the third quarter valued at approximately $41,000. XTX Topco Ltd bought a new position in Yimutian in the fourth quarter valued at approximately $35,000. Finally, Citadel Advisors LLC bought a new position in Yimutian in the third quarter valued at approximately $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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