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

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT)’s stock is set to reverse split before the market opens on 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 Up 2.3%

YMT stock opened at $0.21 on Friday. The stock’s 50 day simple moving average is $0.42 and its 200 day simple moving average is $4.21. Yimutian has a 12-month low of $0.19 and a 12-month high of $39.00.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Yimutian

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in Yimutian during the 3rd quarter valued at $41,000. XTX Topco Ltd purchased a new position in shares of Yimutian in the 4th quarter worth $35,000. Finally, Citadel Advisors LLC bought a new stake in shares of Yimutian in the third quarter worth $309,000.

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.