AMTD Digital (NYSE:HKD) Trading Down 0.6% - Here's Why

Key Points

• AMTD Digital's stock price fell 0.6% during mid-day trading on Thursday, with shares trading between $1.67 and $1.72.
• The company recorded an **increase in trading volume**, with approximately 265,732 shares changing hands, up 19% from its average daily volume.
• Institutional investors recently boosted their stakes in AMTD Digital, with **Faithward Advisors LLC increasing its position by 54.5%** in the fourth quarter.

AMTD Digital Inc. Sponsored ADR (NYSE:HKD - ) dropped 0.6% during mid-day trading on Thursday . The company traded as low as $1.67 and last traded at $1.72. Approximately 265,732 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 222,584 shares. The stock had previously closed at $1.73.

AMTD Digital Stock Performance

The company has a debt-to-equity ratio of 1.10, a current ratio of 0.52 and a quick ratio of 0.52. The stock's 50 day moving average price is $1.87 and its 200 day moving average price is $2.16.

Institutional Trading of AMTD Digital

A number of institutional investors have recently bought and sold shares of HKD. Faithward Advisors LLC raised its position in shares of AMTD Digital by 54.5% in the 4th quarter. Faithward Advisors LLC now owns 16,000 shares of the company's stock worth $47,000 after acquiring an additional 5,647 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of AMTD Digital during the 4th quarter valued at about $102,000. Finally, Euro Pacific Asset Management LLC acquired a new stake in AMTD Digital during the second quarter worth approximately $366,000. Institutional investors own 5.75% of the company's stock.

About AMTD Digital

AMTD Digital Inc, through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. The company operates through Digital Solutions ServicesFinancial Services, Digital Solutions ServicesNon Financial Services, Digital Media, Content, and Marketing Services, and Digital Investments segments.

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