Hong Kong Pharma Digital Technology (NASDAQ:HKPD) Stock Price Down 4.8% – Here’s Why

Shares of Hong Kong Pharma Digital Technology Holdings Limited (NASDAQ:HKPD) fell 4.8% during trading on Tuesday . The company traded as low as $1.1650 and last traded at $1.20. 76,170 shares changed hands during trading, a decline of 60% from the average session volume of 191,797 shares. The stock had previously closed at $1.26.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hong Kong Pharma Digital Technology in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hong Kong Pharma Digital Technology Price Performance

The stock’s 50-day moving average price is $1.35 and its 200-day moving average price is $1.28.

About Hong Kong Pharma Digital Technology

Hong Kong Pharma is an exempted limited liability company formed under the laws of the Cayman Islands on August 17, 2023. As a holding company with no material operations of its own, Hong Kong Pharma conducts its operations through its wholly owned subsidiaries, Joint Cross Border Logistics Company Limited and V-Alliance Technology Supplies Limited, each a limited liability corporation incorporated in Hong Kong and collectively referred to as HK Subsidiaries.