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NAMI (NASDAQ:NAMI) Trading Up 5.2% - Time to Buy?

NAMI logo with Business Services background

Key Points

  • NAMI Corp. (NASDAQ:NAMI) experienced a 5.2% increase in stock price, trading at $1.02 after closing at $0.97, although trading volume was down significantly by 93% compared to its average.
  • Wall Street Zen downgraded NAMI stock from a "buy" to a "hold" rating, indicating a more cautious outlook from analysts.
  • Institutional investor XTX Topco Ltd acquired a new position in NAMI, purchasing approximately 26,778 shares valued at around $75,000 in the first quarter.
  • Five stocks we like better than NAMI.

NAMI Corp. (NASDAQ:NAMI - Get Free Report) was up 5.2% during mid-day trading on Tuesday . The stock traded as high as $1.03 and last traded at $1.02. Approximately 179,191 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 2,444,619 shares. The stock had previously closed at $0.97.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of NAMI from a "buy" rating to a "hold" rating in a research report on Sunday, June 8th.

Check Out Our Latest Report on NAMI

NAMI Price Performance

The company's 50-day simple moving average is $1.05 and its 200-day simple moving average is $2.02.

Institutional Investors Weigh In On NAMI

An institutional investor recently bought a new position in NAMI stock. XTX Topco Ltd acquired a new position in shares of NAMI Corp. (NASDAQ:NAMI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,778 shares of the company's stock, valued at approximately $75,000.

NAMI Company Profile

(Get Free Report)

Jinxin Technology Holding Co engages in the provision of digital content services. The company was founded in August 2015 and is headquartered in Shanghai, China.

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