Yimutian Stock Set to Reverse Split on Thursday, August 27th (NASDAQ:YMT)

Shares of Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) are set to reverse split on the morning of Thursday, August 27th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, August 26th.

Yimutian Stock Performance

Shares of NASDAQ YMT opened at $0.22 on Friday. Yimutian has a 12-month low of $0.20 and a 12-month high of $90.75. The firm’s 50-day moving average price is $0.47 and its 200-day moving average price is $5.12.

Yimutian (NASDAQ:YMT) last announced its quarterly earnings results on Friday, May 15th. The company reported ($8.70) EPS for the quarter. The company had revenue of $5.42 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yimutian in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Yimutian

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Yimutian during the 3rd quarter worth about $309,000. Millennium Management LLC purchased a new stake in Yimutian in the 3rd quarter worth about $41,000. Finally, XTX Topco Ltd bought a new stake in Yimutian in the fourth quarter worth about $35,000.

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. Over a decade, we have been dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process, making it efficient, transparent, secure, and convenient.