AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) Announces Quarterly Earnings Results

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD) issued its quarterly earnings data on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $33.57 million for the quarter.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Stock Performance

NYSE AMTD opened at $25.80 on Friday. AMTD IDEA Group American Depositary Shares, each representing six has a twelve month low of $21.01 and a twelve month high of $99.00. The stock has a fifty day simple moving average of $40.75 and a 200 day simple moving average of $51.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, September 18th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Company Profile

AMTD IDEA Group is an investment holding company and a subsidiary of AMTD Group. Through its businesses, the company provides financial services and investment solutions, with activities that have included investment banking, capital markets, securities brokerage, asset management, and strategic investment.

The company serves corporations, institutional investors, asset managers, and other clients, primarily through operations connected to Greater China and broader Asian markets. Its investment banking and capital-markets activities have included equity and debt financing, mergers and acquisitions advisory, and related corporate finance services, while its asset-management and investment businesses focus on managing and deploying capital across selected opportunities.

AMTD IDEA Group was formerly known as AMTD International Inc and has been associated with AMTD Group, a financial-services conglomerate founded by Calvin Choi.