Yimutian Stock Scheduled to Reverse Split on Monday, November 16th (NASDAQ:YMT)

Shares of Yimutian Inc. – Sponsored ADR (NASDAQ:YMT) are going 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 market closes on Sunday, November 15th.

Yimutian Price Performance

NASDAQ:YMT opened at $0.30 on Wednesday. The stock’s 50 day simple moving average is $1.49 and its 200-day simple moving average is $70.75. Yimutian has a 12-month low of $0.28 and a 12-month high of $532.80.

Analysts Set New Price Targets

Several brokerages have recently weighed in on YMT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Yimutian in a report on Tuesday, October 27th. Wall Street Zen raised shares of Yimutian to a “hold” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus 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.