Kuke Music (NYSE:KUKE) Stock Price Up 8.5% – Time to Buy?

Kuke Music Holding Limited (NYSE:KUKE) shares shot up 8.5% during trading on Thursday . The stock traded as high as $4.50 and last traded at $4.10. 27,501 shares were traded during mid-day trading, a decline of 71% from the average session volume of 96,136 shares. The stock had previously closed at $3.78.

Kuke Music Trading Up 8.5 %

The business has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $4.21. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Kuke Music

A hedge fund recently bought a new stake in Kuke Music stock. PFG Investments LLC purchased a new position in Kuke Music Holding Limited (NYSE:KUKE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned approximately 0.23% of Kuke Music at the end of the most recent reporting period. 0.02% of the stock is owned by institutional investors and hedge funds.

Kuke Music Company Profile

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments: Subscription, Licensing and Smart Education Business; and Music Events and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.