Yimutian (NASDAQ:YMT) Releases Quarterly Earnings Results

Yimutian (NASDAQ:YMT) posted its quarterly earnings results on Friday. The company reported ($8.70) earnings per share for the quarter, reports. The company had revenue of $5.42 million for the quarter.

Yimutian Stock Down 9.9%

Shares of YMT opened at $0.12 on Friday. Yimutian has a 52-week low of $0.12 and a 52-week high of $6.05. The stock has a fifty day simple moving average of $0.26 and a two-hundred day simple moving average of $1.00.

Shares of Yimutian are scheduled to reverse split on Monday, May 18th. The 1-15 reverse split was announced on Wednesday, April 29th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 15th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Yimutian from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Yimutian

A number of hedge funds and other institutional investors have recently modified their holdings of YMT. Citadel Advisors LLC acquired a new stake in shares of Yimutian in the 3rd quarter worth $309,000. XTX Topco Ltd acquired a new stake in shares of Yimutian in the 4th quarter worth $35,000. Finally, Millennium Management LLC acquired a new stake in shares of Yimutian in the 3rd quarter worth $41,000.

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.