Yimutian (NASDAQ:YMT) Stock Price Up 1.3% - Still a Buy?

Key Points

• Yimutian Inc. (NASDAQ:YMT) experienced a stock price increase of 1.3%, trading last at $1.55 after reaching a high of $1.60 during mid-day trading.
• Trading volume for Yimutian was significantly lower, with approximately 21,400 shares exchanged, which is a decline of 61% from the average daily volume.
• Analyst ratings have changed, with Wall Street Zen upgrading Yimutian to a "hold" rating in late August.

Yimutian Inc. - Sponsored ADR (NASDAQ:YMT - Get Free Report)'s stock price rose 1.3% during mid-day trading on Friday . The company traded as high as $1.60 and last traded at $1.55. Approximately 21,400 shares were traded during trading, a decline of 61% from the average daily volume of 54,613 shares. The stock had previously closed at $1.53.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Yimutian to a "hold" rating in a research note on Sunday, August 31st.

Yimutian Stock Up 1.3%

Yimutian Company Profile

Our mission is to make every acre of farmland more valuable via technology and industry know-how. We are the largest agricultural B2B platform in mainland China in terms of monthly active merchants in 2024, according to the F&S Report. We believe technology plays a critical role in agriculture, contributing to increased productivity of the industry.

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