Kuke Music (NYSE:KUKE) Shares Down 0.4% - Should You Sell?

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 - Get Free Report)'s share price traded down 0.4% during trading on Friday . The stock traded as low as $2.58 and last traded at $2.62. 19,351 shares traded 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 Stock Performance

The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $3.37.

Institutional Inflows and Outflows

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

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.