AMTD Digital (NYSE:HKD) Issues Quarterly Earnings Results

AMTD Digital (NYSE:HKD) released its quarterly earnings data on Friday. The company reported $0.04 EPS for the quarter, FiscalAI reports. The company had revenue of $13.20 million during the quarter.

AMTD Digital Stock Performance

HKD remained flat at $1.72 during trading hours on Friday. 128,453 shares of the company were exchanged, compared to its average volume of 163,432. AMTD Digital has a 1-year low of $1.26 and a 1-year high of $5.47. The business’s fifty day moving average price is $1.70 and its two-hundred day moving average price is $1.69.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On AMTD Digital

An institutional investor recently raised its stake in AMTD Digital stock. Renaissance Technologies LLC grew its holdings in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,800 shares of the company’s stock after acquiring an additional 8,639 shares during the period. Renaissance Technologies LLC’s holdings in AMTD Digital were worth $143,000 as of its most recent SEC filing. 5.75% of the stock is owned by hedge funds and other institutional investors.

AMTD Digital Company Profile

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.