Treasure Global (NASDAQ:TGL) Shares Down 1.9% – Should You Sell?

Shares of Treasure Global Inc. (NASDAQ:TGL) were down 1.9% during mid-day trading on Wednesday . The company traded as low as $4.16 and last traded at $4.20. Approximately 19,970 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 140,843 shares. The stock had previously closed at $4.28.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Treasure Global Stock Performance

The company has a market cap of $7.06 million, a price-to-earnings ratio of -0.01 and a beta of 2.91. The business has a 50-day simple moving average of $4.08 and a 200-day simple moving average of $8.08.

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

Institutional Investors Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Treasure Global Inc. (NASDAQ:TGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned approximately 1.15% of Treasure Global as of its most recent filing with the SEC.

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.