Yimutian (NASDAQ:YMT) Issues Quarterly Earnings Results

Yimutian (NASDAQ:YMTGet Free Report) posted its quarterly earnings data on Friday. The company reported ($8.70) EPS for the quarter, reports. The company had revenue of $5.42 million during the quarter.

Yimutian Trading Down 9.9%

NASDAQ YMT opened at $0.12 on Friday. Yimutian has a twelve month low of $0.12 and a twelve month high of $6.05. The stock has a fifty day simple moving average of $3.84 and a 200-day simple moving average of $14.98.

Yimutian shares are going to reverse split on Monday, May 18th. The 1-15 reverse split was announced on Wednesday, April 29th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 15th.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on YMT

Hedge Funds Weigh In On Yimutian

A number of hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in Yimutian during the 3rd quarter valued at about $309,000. Millennium Management LLC purchased a new position in Yimutian during the 3rd quarter valued at about $41,000. Finally, XTX Topco Ltd purchased a new position in Yimutian during the 4th quarter valued at about $35,000.

About Yimutian

(Get Free Report)

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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