Yimutian (NASDAQ:YMT) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Yimutian (NASDAQ:YMT) to a hold rating in a report published on Saturday,Wall Street Zen reports.

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

Yimutian Stock Performance

Shares of YMT stock opened at $0.60 on Friday. The stock’s 50 day simple moving average is $2.20 and its two-hundred day simple moving average is $15.10. Yimutian has a 1 year low of $0.60 and a 1 year high of $532.80.

About Yimutian

Yimutian Inc operates an agricultural business-to-business e-commerce platform in China. Its online marketplace is designed to connect agricultural producers, suppliers, distributors and buyers, supporting the sourcing and sale of fresh agricultural products and related goods.

The company’s platform provides product listings, transaction and information services, and tools intended to facilitate agricultural commerce. Its business focuses on helping participants in the agricultural supply chain discover trading opportunities and conduct transactions through digital channels.

Yimutian primarily serves users in China and is associated with the broader modernization of agricultural distribution through internet-based marketplaces.