AMTD Digital (NYSE:HKD) Trading Down 1.1% – Time to Sell?

Shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD) dropped 1.1% during trading on Friday . The stock traded as low as $1.31 and last traded at $1.3250. Approximately 222,094 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 219,547 shares. The stock had previously closed at $1.34.

AMTD Digital Stock Down 1.1%

The company’s fifty day moving average price is $1.42 and its two-hundred day moving average price is $1.63.

AMTD Digital (NYSE:HKD) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $23.75 million for the quarter.

Institutional Trading of AMTD Digital

A hedge fund recently bought a new stake in AMTD Digital stock. Euro Pacific Asset Management LLC acquired a new position in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 208,891 shares of the company’s stock, valued at approximately $366,000. Euro Pacific Asset Management LLC owned approximately 0.08% of AMTD Digital as of its most recent filing with the Securities and Exchange Commission (SEC). 5.75% of the stock is currently owned by institutional investors.

About AMTD Digital

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.