Yimutian (NASDAQ:YMT) Shares Set to Reverse Split on Monday, November 16th

Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) shares are scheduled to reverse split before the market opens on Monday, November 16th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 15th.

Yimutian Stock Up 5.3%

YMT stock opened at $0.27 on Friday. The stock’s 50 day simple moving average is $1.32 and its 200 day simple moving average is $64.41. Yimutian has a fifty-two week low of $0.24 and a fifty-two week high of $532.80.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on YMT. Wall Street Zen upgraded Yimutian to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Yimutian in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Yimutian Company Profile

Yimutian Inc operates a digital platform focused on China’s agricultural sector. The company connects farmers, agricultural businesses and other market participants through online information, product listing and transaction services.

Its platform is designed to support the circulation and trading of agricultural products, equipment, supplies and related services. By bringing buyers and sellers together online, Yimutian seeks to improve access to agricultural information and make transactions more efficient across the farming and agricultural supply chain.

The company serves users in China and has developed its business around the country’s agricultural markets.