AMTD Digital (NYSE:HKD) Stock Price Down 1% – Should You Sell?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s share price traded down 1% during trading on Wednesday . The company traded as low as $1.48 and last traded at $1.5140. 116,807 shares were traded during trading, a decline of 39% from the average daily volume of 190,752 shares. The stock had previously closed at $1.53.

Analyst Ratings Changes

Separately, Weiss Ratings raised AMTD Digital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AMTD Digital has a consensus rating of “Sell”.

AMTD Digital Trading Up 0.3%

The business’s 50-day simple moving average is $1.68 and its two-hundred day simple moving average is $1.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.92.

Institutional Investors Weigh In On AMTD Digital

Several hedge funds have recently modified their holdings of HKD. Renaissance Technologies LLC grew its position in AMTD Digital by 10.4% during the 1st quarter. Renaissance Technologies LLC now owns 91,800 shares of the company’s stock worth $143,000 after acquiring an additional 8,639 shares during the last quarter. SmartHarvest Portfolios LLC acquired a new stake in shares of AMTD Digital during the first quarter valued at about $179,000. Faithward Advisors LLC boosted its stake in shares of AMTD Digital by 324.5% during the first quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock valued at $106,000 after purchasing an additional 51,921 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of AMTD Digital during the fourth quarter worth about $80,000. Finally, Virtu Financial LLC grew its holdings in shares of AMTD Digital by 182.5% during the third quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock worth $114,000 after purchasing an additional 41,063 shares during the last quarter. Institutional investors and hedge funds own 5.75% of the company’s stock.

AMTD Digital Company Profile

AMTD Digital Inc is a Cayman Islands–incorporated digital technology and financial service provider that delivers a suite of digital-first solutions to financial institutions, corporations and government bodies. As a subsidiary of AMTD Group, the company leverages its expertise in digital transformation to support clients’ needs for scalable, secure and data-driven platforms.

The company’s core offerings include digital brokerage, digital wealth management, digital insurance and digital capital markets services, supplemented by tokenization and digital asset solutions.