Yimutian Inc. – Sponsored ADR (NASDAQ:YMT – Get Free Report) fell 8.5% during mid-day trading on Wednesday . The company traded as low as $0.96 and last traded at $0.97. 44,376 shares were traded during trading, a decline of 70% from the average session volume of 148,100 shares. The stock had previously closed at $1.06.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Yimutian currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Yimutian
Yimutian Stock Performance
Yimutian (NASDAQ:YMT – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported ($8.70) earnings per share for the quarter. The business had revenue of $5.42 million for the quarter.
Hedge Funds Weigh In On Yimutian
A number of large investors have recently bought and sold shares of YMT. XTX Topco Ltd purchased a new position in Yimutian during the fourth quarter worth approximately $35,000. Millennium Management LLC purchased a new position in Yimutian during the third quarter worth approximately $41,000. Finally, Citadel Advisors LLC purchased a new position in Yimutian during the third quarter worth 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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