Weiss Ratings Reiterates Sell (D-) Rating for NAMI (NASDAQ:NAMI)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for NAMI (NASDAQ:NAMI), indicating ongoing concerns over the stock's performance.
• NAMI's stock price opened at $0.98, significantly below its one-year high of $7.75, with current moving averages at $1.05 for 50 days and $1.74 for 200 days.
• XTX Topco Ltd acquired a stake in NAMI, purchasing 26,778 shares valued at approximately $75,000, reflecting some interest from hedge funds despite the negative rating.

NAMI (NASDAQ:NAMI - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

NAMI Trading Up 4.8%

Shares of NAMI stock opened at $0.98 on Wednesday. The stock has a 50 day moving average price of $1.05 and a 200-day moving average price of $1.74. NAMI has a one year low of $0.84 and a one year high of $7.75.

Hedge Funds Weigh In On NAMI

A hedge fund recently bought a new stake in NAMI stock. XTX Topco Ltd acquired a new stake in shares of NAMI Corp. (NASDAQ:NAMI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 26,778 shares of the company's stock, valued at approximately $75,000.

About NAMI

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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