AMTD Digital (NYSE:HKD) Posts Quarterly Earnings Results

AMTD Digital (NYSE:HKD) issued its earnings results on Friday. The company reported $0.04 earnings per share for the quarter, FiscalAI reports. The business had revenue of $13.20 million for the quarter.

AMTD Digital Stock Performance

Shares of HKD stock opened at $1.72 on Friday. The stock’s 50-day moving average price is $1.70 and its 200 day moving average price is $1.69. AMTD Digital has a 52-week low of $1.26 and a 52-week high of $5.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of AMTD Digital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, AMTD Digital currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in AMTD Digital stock. SmartHarvest Portfolios LLC bought a new stake in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 114,741 shares of the company’s stock, valued at approximately $179,000. Institutional investors own 5.75% of the company’s stock.

About AMTD Digital

AMTD Digital Inc is a digital services and investment company that operates as part of the broader AMTD Group. The company develops and manages the AMTD SpiderNet ecosystem, a platform designed to connect entrepreneurs, investors, corporations and professional service providers across Asia and other international markets.

Its activities include digital media, content and marketing services; business and investment platform services; and strategic investments in technology, media and other growth-oriented businesses.