AMTD Digital (NYSE:HKD) Stock Price Down 0.9% – Time to Sell?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s stock price was down 0.9% during mid-day trading on Friday . The stock traded as low as $1.69 and last traded at $1.7050. 125,761 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 111,287 shares. The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised AMTD Digital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

AMTD Digital Price Performance

The stock has a 50-day moving average of $1.64 and a two-hundred day moving average of $1.65.

Institutional Investors Weigh In On AMTD Digital

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of AMTD Digital in the 4th quarter valued at $80,000. Renaissance Technologies LLC raised its position in AMTD Digital by 127.2% in the 4th quarter. Renaissance Technologies LLC now owns 83,161 shares of the company’s stock worth $106,000 after purchasing an additional 46,561 shares during the period. Faithward Advisors LLC raised its position in AMTD Digital by 324.5% in the 1st quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock worth $106,000 after purchasing an additional 51,921 shares during the period. Virtu Financial LLC lifted its stake in AMTD Digital by 182.5% in 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. Finally, SmartHarvest Portfolios LLC bought a new stake in AMTD Digital in the first quarter worth $179,000. 5.75% of the stock is currently owned by institutional investors.

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.