TROOPS (NASDAQ:TROO) Sees Large Volume Increase – Time to Buy?

Shares of TROOPS, Inc. (NASDAQ:TROO) saw unusually-strong trading volume on Tuesday . Approximately 2,206,137 shares changed hands during mid-day trading, an increase of 157% from the previous session’s volume of 858,466 shares.The stock last traded at $4.6940 and had previously closed at $5.02.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of TROOPS in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, TROOPS currently has an average rating of “Sell”.

TROOPS Price Performance

The company has a 50-day simple moving average of $1.98 and a 200-day simple moving average of $1.39.

TROOPS (NASDAQ:TROO) last issued its quarterly earnings results on Friday, October 17th. The company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $3.81 million for the quarter.

TROOPS Company Profile

TROOPS, Inc, together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans; operates online financial marketplace through a platform for money lending, system integration, and consultation services; and invests in real estate properties in Hong Kong. It also offers fintech and IT support services, which includes artificial intelligence, big data and blockchain technology, machine learning, fingerprint ID, facial recognition, and cloud computing, and GFS strives; and engages in property leasing and management services.