Greenpro Capital (NASDAQ:GRNQ) Shares Down 4.7% – Here’s Why

Greenpro Capital Corp. (NASDAQ:GRNQ) shares were down 4.7% during trading on Monday . The stock traded as low as $1.0601 and last traded at $1.19. 4,989 shares were traded during mid-day trading, a decline of 16% from the average session volume of 5,910 shares. The stock had previously closed at $1.2487.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenpro Capital in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenpro Capital has a consensus rating of “Sell”.

Greenpro Capital Trading Down 4.7%

The stock has a market cap of $21.46 million, a P/E ratio of -3.05 and a beta of 0.95. The stock’s 50-day moving average is $1.44 and its 200-day moving average is $1.86.

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

Insider Activity at Greenpro Capital

In related news, CEO Chong Kuang Lee acquired 107,310 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average price of $2.33 per share, for a total transaction of $250,032.30. Following the completion of the purchase, the chief executive officer directly owned 1,846,344 shares of the company’s stock, valued at $4,301,981.52. The trade was a 6.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 201,850 shares of company stock worth $399,812 in the last quarter. 19.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Greenpro Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in Greenpro Capital during the 3rd quarter valued at $34,000. Geode Capital Management LLC increased its position in shares of Greenpro Capital by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock valued at $143,000 after purchasing an additional 5,656 shares during the period. Finally, DRW Securities LLC acquired a new position in shares of Greenpro Capital during the 4th quarter valued at $30,000. 0.87% of the stock is currently owned by institutional investors and hedge funds.

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.