Yimutian (NASDAQ:YMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Yimutian (NASDAQ:YMT) to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Yimutian in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Yimutian Trading Up 3.3%

Shares of YMT stock opened at $0.62 on Friday. The stock has a 50 day simple moving average of $2.12 and a 200 day simple moving average of $14.64. Yimutian has a 1 year low of $0.56 and a 1 year high of $532.80.

Yimutian Company Profile

Yimutian Inc operates an agricultural business-to-business e-commerce platform in China. Its online marketplace is designed to connect agricultural producers, suppliers, distributors and buyers, supporting the sourcing and sale of fresh agricultural products and related goods.

The company’s platform provides product listings, transaction and information services, and tools intended to facilitate agricultural commerce. Its business focuses on helping participants in the agricultural supply chain discover trading opportunities and conduct transactions through digital channels.

Yimutian primarily serves users in China and is associated with the broader modernization of agricultural distribution through internet-based marketplaces.