AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.70 and traded as high as $1.73. AMTD Digital shares last traded at $1.7150, with a volume of 80,229 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded AMTD Digital from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of "Sell".
Check Out Our Latest Research Report on HKD
AMTD Digital Stock Performance
The firm's 50-day moving average is $1.70 and its 200-day moving average is $1.64.
AMTD Digital (NYSE:HKD - Get Free Report) last issued its quarterly earnings data on Friday, October 23rd. The company reported $0.04 EPS for the quarter. The company had revenue of $13.20 million during the quarter.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in AMTD Digital stock. Renaissance Technologies LLC lifted its position in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Free Report) by 10.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,800 shares of the company's stock after purchasing an additional 8,639 shares during the quarter. Renaissance Technologies LLC's holdings in AMTD Digital were worth $143,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.75% of the company's stock.
About AMTD Digital
(
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AMTD Digital Inc is a digital services and investment company that operates as part of the broader AMTD Group. The company develops and manages the AMTD SpiderNet ecosystem, a platform designed to connect entrepreneurs, investors, corporations and professional service providers across Asia and other international markets.
Its activities include digital media, content and marketing services; business and investment platform services; and strategic investments in technology, media and other growth-oriented businesses.
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