Greenpro Capital (NASDAQ:GRNQ) Shares Down 1.2% – What’s Next?

Greenpro Capital Corp. (NASDAQ:GRNQ) dropped 1.2% on Tuesday . The company traded as low as $1.54 and last traded at $1.5406. Approximately 13,241 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 47,499 shares. The stock had previously closed at $1.56.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenpro Capital in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Greenpro Capital Stock Performance

The firm has a market capitalization of $27.78 million, a PE ratio of -3.95 and a beta of 0.96. The stock’s 50-day simple moving average is $1.89 and its 200-day simple moving average is $1.92.

Greenpro Capital (NASDAQ:GRNQ) last posted its earnings results on Friday, May 8th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.41 million during the quarter. Greenpro Capital had a negative return on equity of 31.13% and a negative net margin of 153.32%.

Insider Buying and Selling

In related news, CEO Chong Kuang Lee acquired 28,949 shares of the stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $1.73 per share, for a total transaction of $50,081.77. Following the completion of the acquisition, the chief executive officer directly owned 1,875,293 shares of the company’s stock, valued at approximately $3,244,256.89. This represents a 1.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GRNQ. DRW Securities LLC bought a new position in shares of Greenpro Capital in the 4th quarter worth about $30,000. Susquehanna International Group LLP purchased a new position in Greenpro Capital during the 3rd quarter valued at about $34,000. Finally, Geode Capital Management LLC boosted its stake in Greenpro Capital by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares in the last quarter. Hedge funds and other institutional investors own 0.87% of the company’s stock.

Greenpro Capital Company Profile

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.