GD Culture Group (NASDAQ:GDC) Shares Down 16.3% – Here’s Why

Shares of GD Culture Group Limited (NASDAQ:GDC) dropped 16.3% on Monday . The stock traded as low as $2.20 and last traded at $2.49. 888,026 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 219,792,048 shares. The stock had previously closed at $2.9750.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded GD Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

GD Culture Group Trading Down 16.3%

The stock has a fifty day moving average of $252.60 and a two-hundred day moving average of $712.62. The stock has a market capitalization of $151.29 million, a price-to-earnings ratio of -0.32 and a beta of 1.75.

Institutional Trading of GD Culture Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GDC. ExodusPoint Capital Management LP acquired a new position in GD Culture Group during the 4th quarter worth about $106,000. Geode Capital Management LLC bought a new position in shares of GD Culture Group in the fourth quarter worth about $74,000. Jefferies Financial Group Inc. bought a new position in shares of GD Culture Group in the fourth quarter worth about $44,000. Finally, XTX Topco Ltd acquired a new position in shares of GD Culture Group during the second quarter worth approximately $97,000. 0.55% of the stock is currently owned by institutional investors and hedge funds.

GD Culture Group Company Profile

GD Culture Group Limited operates as an integrated marketing service agency. The company focuses on enterprise brand management, crisis public relations, intelligent public opinion monitoring, media PR, financial and economic we-media operation, digital face application, exhibition services, and other businesses. It also publishes books in corporate history, finance, and economics, as well as plans and organizes online and offline activities, such as new book launches and book sharing sessions to promote new books and build influence and reputation for the corporate clients.