GD Culture Group (NASDAQ:GDC) Shares Up 6.3% – Here’s What Happened

GD Culture Group Limited (NASDAQ:GDC) shot up 6.3% on Thursday. The company traded as high as $1.38 and last traded at $1.35. 151,573 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 149,324 shares. The stock had previously closed at $1.27.

Wall Street Analyst Weigh In

GDC has been the subject of a number of research reports. Weiss Ratings cut GD Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 21st. Wall Street Zen downgraded GD Culture Group to a “strong sell” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

GD Culture Group Price Performance

The stock has a market capitalization of $5.29 million, a price-to-earnings ratio of -0.00 and a beta of 1.99. The stock’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $359.27.

GD Culture Group (NASDAQ:GDC) last posted its earnings results on Friday, August 14th. The company reported ($53.40) EPS for the quarter.

GD Culture Group Company Profile

GD Culture Group Limited (NASDAQ: GDC) is a holding company focused on digital media, livestreaming and e-commerce businesses. The company has described its activities as including livestreaming sales, social-commerce services and related marketing and entertainment operations.

Through its operating businesses, GD Culture Group seeks to connect brands and consumers through online content, livestream shopping and social-media platforms. Its services may include product promotion, digital marketing, online retail and support for merchants and creators participating in livestream-based commerce.

The company was formerly known as Code Chain New Continent Limited and has pursued a transition toward culture, media and technology-related businesses.