Treasure Global (NASDAQ:TGL) Shares Down 0.2% – Here’s What Happened

Treasure Global Inc. (NASDAQ:TGL) shares dropped 0.2% on Tuesday . The company traded as low as $4.06 and last traded at $4.16. Approximately 24,396 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 33,919 shares. The stock had previously closed at $4.17.

Analysts Set New Price Targets

Several brokerages have recently commented on TGL. Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, December 29th. Wall Street Zen cut Treasure Global from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Treasure Global presently has a consensus rating of “Sell”.

Treasure Global Stock Down 5.2%

The business’s 50-day moving average is $5.32 and its two-hundred day moving average is $12.57. The company has a market capitalization of $6.43 million, a P/E ratio of -0.01 and a beta of 2.95.

Treasure Global (NASDAQ:TGL) last posted its earnings results on Monday, February 23rd. The company reported ($3.47) EPS for the quarter. Treasure Global had a negative return on equity of 53.23% and a negative net margin of 889.11%.The firm had revenue of $1.08 million for the quarter.

Institutional Trading of Treasure Global

An institutional investor recently raised its position in Treasure Global stock. Jane Street Group LLC boosted its position in Treasure Global Inc. (NASDAQ:TGL) by 61.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,619 shares of the company’s stock after purchasing an additional 10,893 shares during the period. Jane Street Group LLC owned about 1.70% of Treasure Global worth $175,000 as of its most recent SEC filing.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.