AMTD Digital (NYSE:HKD) Stock Price Up 1.8% – What’s Next?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) traded up 1.8% on Thursday . The stock traded as high as $1.44 and last traded at $1.4050. 353,514 shares were traded during mid-day trading, an increase of 22% from the average session volume of 289,451 shares. The stock had previously closed at $1.38.

AMTD Digital Stock Performance

The company has a 50-day moving average of $1.51 and a 200 day moving average of $1.67.

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

Institutional Investors Weigh In On AMTD Digital

An institutional investor recently raised its position in AMTD Digital stock. Virtu Financial LLC boosted its stake in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD) by 182.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,567 shares of the company’s stock after buying an additional 41,063 shares during the period. Virtu Financial LLC’s holdings in AMTD Digital were worth $114,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.75% of the company’s stock.

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.