Yueda Digital (NASDAQ:YDKG) Stock Price Down 15% – Here’s Why

Yueda Digital Holding (NASDAQ:YDKG)’s share price traded down 15% on Friday . The company traded as low as $1.65 and last traded at $1.70. 677,247 shares changed hands during mid-day trading, an increase of 154% from the average session volume of 266,848 shares. The stock had previously closed at $2.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yueda Digital in a report on Thursday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Yueda Digital Stock Performance

Hedge Funds Weigh In On Yueda Digital

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

Yueda Digital Company Profile

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.