Yimutian Inc. – Sponsored ADR (NASDAQ:YMT – Get Free Report)’s share price was down 2.7% on Wednesday . The stock traded as low as $0.4307 and last traded at $0.4641. Approximately 313,385 shares were traded during trading, a decline of 61% from the average daily volume of 810,165 shares. The stock had previously closed at $0.4771.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Yimutian has a consensus rating of “Sell”.
Get Our Latest Research Report on YMT
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 company had revenue of $5.42 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in Yimutian in the 3rd quarter valued at about $309,000. Millennium Management LLC bought a new stake in shares of Yimutian during the third quarter worth approximately $41,000. Finally, XTX Topco Ltd acquired a new position in shares of Yimutian in the fourth quarter valued at approximately $35,000.
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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