Kuke Music (NYSE:KUKE) Stock Price Down 0.4% - Here's Why

Key Points

• Kuke Music's share price dropped 0.4% to $2.62, with 19,351 shares traded during mid-day, marking a 104% increase in volume compared to its average session.
• Institutional investors, particularly Citadel Advisors LLC, recently acquired a new stake in Kuke Music, purchasing 93,819 shares valued at approximately $37,000.
• Kuke Music operates primarily in classical music licensing, subscription, and education services in China through two main business segments.

Kuke Music Holding Limited Sponsored ADR (NYSE:KUKE - )'s share price traded down 0.4% during mid-day trading on Friday . The company traded as low as $2.58 and last traded at $2.62. 19,351 shares changed hands during mid-day trading, an increase of 104% from the average session volume of 9,502 shares. The stock had previously closed at $2.63.

Kuke Music Trading Down 0.4%

The business's 50 day moving average price is $3.06 and its 200-day moving average price is $3.40. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Kuke Music

An institutional investor recently bought a new position in Kuke Music stock. Citadel Advisors LLC acquired a new stake in Kuke Music Holding Limited Sponsored ADR (NYSE:KUKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 93,819 shares of the company's stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.30% of Kuke Music as of its most recent filing with the Securities & Exchange Commission. 0.02% of the stock is currently owned by institutional investors.

Kuke Music Company Profile

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments: Subscription, Licensing and Smart Education Business; and Music Events and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.

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