AMTD Digital (NYSE:HKD) Trading 1.7% Higher – Should You Buy?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s share price traded up 1.7% on Friday . The company traded as high as $1.9150 and last traded at $1.8310. 409,612 shares were traded during trading, an increase of 105% from the average session volume of 199,747 shares. The stock had previously closed at $1.80.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of AMTD Digital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

AMTD Digital Stock Up 1.7%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.92 and a current ratio of 1.92. The stock’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $1.56.

Hedge Funds Weigh In On AMTD Digital

A number of institutional investors have recently bought and sold shares of HKD. SmartHarvest Portfolios LLC bought a new position in AMTD Digital in the first quarter worth about $179,000. XTX Topco Ltd bought a new position in AMTD Digital in the fourth quarter worth about $80,000. Faithward Advisors LLC raised its stake in AMTD Digital by 324.5% in the first quarter. Faithward Advisors LLC now owns 67,921 shares of the company’s stock worth $106,000 after buying an additional 51,921 shares in the last quarter. Renaissance Technologies LLC raised its stake in AMTD Digital by 127.2% in the fourth quarter. Renaissance Technologies LLC now owns 83,161 shares of the company’s stock worth $106,000 after buying an additional 46,561 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in AMTD Digital by 182.5% in the third quarter. Virtu Financial LLC now owns 63,567 shares of the company’s stock worth $114,000 after buying an additional 41,063 shares in the last quarter. 5.75% of the stock is owned by institutional investors.

AMTD Digital Company Profile

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.