Yueda Digital (NASDAQ:YDKG) Shares Up 5.1% – Here’s Why

Yueda Digital Holding (NASDAQ:YDKG)’s share price rose 5.1% during mid-day trading on Friday . The stock traded as high as $0.8989 and last traded at $0.8584. Approximately 39,228 shares changed hands during trading, a decline of 76% from the average daily volume of 162,369 shares. The stock had previously closed at $0.8171.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Yueda Digital in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Yueda Digital presently has a consensus rating of “Sell”.

Yueda Digital Stock Up 5.1%

The stock has a 50 day moving average of $1.01.

Hedge Funds Weigh In On Yueda Digital

An institutional investor recently bought a new position in Yueda Digital stock. Virtu Financial LLC purchased a new stake in shares of Yueda Digital Holding (NASDAQ:YDKG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,619 shares of the company’s stock, valued at approximately $44,000. 1.02% of the stock is owned by hedge funds and other institutional investors.

About Yueda Digital

AirMedia Group Inc operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers.