Yimutian (NASDAQ:YMT) Stock Scheduled to Reverse Split on Monday, November 16th

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT)’s stock is scheduled to reverse split on Monday, November 16th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Yimutian Price Performance

Shares of NASDAQ YMT opened at $0.32 on Thursday. The firm has a fifty day moving average price of $1.18 and a 200-day moving average price of $57.34. Yimutian has a 1 year low of $0.24 and a 1 year high of $532.80.

Key Yimutian News

Investors following YMT have been watching these news items:

• Neutral Sentiment: Trading was repeatedly halted under Limit Up-Limit Down (LULD) rules during the session. These pauses reflect sharp price movements and heightened volatility, but do not indicate whether shares will move up or down next.
• Neutral Sentiment: Short-interest reports conflict: one reports 171,475 shares sold short as of October 30, while another lists zero as of November 10. The available figures therefore do not provide a clear read on short positioning.
• Neutral Sentiment: The previously announced 1-for-10 reverse split is scheduled for November 16. A reverse split changes the share count and per-share price, but does not by itself change the company’s value.

Analyst Upgrades and Downgrades

YMT has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Yimutian in a research note on Tuesday, October 27th. Wall Street Zen raised Yimutian to a “hold” rating in a research note on Saturday, October 17th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Yimutian has a consensus rating of “Sell”.

Yimutian Company Profile

Yimutian Inc. operates a digital platform focused on China’s agricultural sector. The company connects farmers, agricultural businesses and other market participants through online information, product listing and transaction services. Its platform is designed to support the circulation and trading of agricultural products, equipment, supplies and related services. By bringing buyers and sellers together online, Yimutian seeks to improve access to agricultural information and make transactions more efficient across the farming and agricultural supply chain.