AMTD Digital (NYSE:HKD) Stock Jumps 2.6% – What’s Next?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD – Get Free Report) shares rose 2.6% on Wednesday. The company traded as high as $1.78 and last traded at $1.7650. Approximately 229,969 shares traded hands during trading, an increase of 52% from the average daily volume of 151,579 shares. The stock had previously closed at $1.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised AMTD Digital from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

View Our Latest Analysis on HKD

AMTD Digital Stock Performance

The stock has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.69.

AMTD Digital (NYSE:HKD – Get Free Report) last released its quarterly earnings results on Friday, October 23rd. The company reported $0.04 EPS for the quarter. The business had revenue of $13.20 million for the quarter.

Institutional Trading of AMTD Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in AMTD Digital by 10.4% in the first quarter. Renaissance Technologies LLC now owns 91,800 shares of the company’s stock worth $143,000 after acquiring an additional 8,639 shares during the period. SmartHarvest Portfolios LLC purchased a new position in shares of AMTD Digital during the 1st quarter worth $179,000. Finally, Faithward Advisors LLC grew its position in shares of AMTD Digital by 324.5% during the 1st quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock valued at $106,000 after acquiring an additional 51,921 shares during the period. 5.75% of the stock is owned by hedge funds and other institutional investors.

About AMTD Digital

(Get Free Report)

AMTD Digital Inc is a digital services and investment company that operates as part of the broader AMTD Group. The company develops and manages the AMTD SpiderNet ecosystem, a platform designed to connect entrepreneurs, investors, corporations and professional service providers across Asia and other international markets.

Its activities include digital media, content and marketing services; business and investment platform services; and strategic investments in technology, media and other growth-oriented businesses.

Further Reading

Receive News & Ratings for AMTD Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTD Digital and related companies with MarketBeat.com's FREE daily email newsletter.