Yimutian (NASDAQ:YMT) Stock Set to Reverse Split on Thursday, August 27th

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT)’s stock is set to reverse split on Thursday, August 27th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, August 26th.

Yimutian Stock Down 3.6%

Yimutian stock opened at $0.21 on Wednesday. The company has a fifty day simple moving average of $0.45 and a 200-day simple moving average of $4.60. Yimutian has a 12-month low of $0.20 and a 12-month high of $90.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yimutian in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Yimutian

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of Yimutian in the 3rd quarter valued at $309,000. XTX Topco Ltd purchased a new stake in Yimutian in the fourth quarter valued at $35,000. Finally, Millennium Management LLC acquired a new position in Yimutian in the third quarter valued at $41,000.

Yimutian Company Profile

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.