TROOPS (NASDAQ:TROO) Trading Up 5.2% – Here’s What Happened

TROOPS, Inc. (NASDAQ:TROO)’s share price was up 5.2% on Thursday . The company traded as high as $1.80 and last traded at $1.7350. Approximately 178,907 shares were traded during mid-day trading, a decline of 48% from the average session volume of 346,019 shares. The stock had previously closed at $1.65.

Analysts Set New Price Targets

Several research firms recently issued reports on TROO. Weiss Ratings raised shares of TROOPS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Wall Street Zen lowered shares of TROOPS from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

TROOPS Stock Down 2.0%

The company has a 50-day simple moving average of $2.53 and a 200 day simple moving average of $3.04.

TROOPS (NASDAQ:TROO) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $4.74 million during the quarter.

Hedge Funds Weigh In On TROOPS

An institutional investor recently bought a new position in TROOPS stock. Goldman Sachs Group Inc. purchased a new position in TROOPS, Inc. (NASDAQ:TROO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,613 shares of the company’s stock, valued at approximately $72,000.

About TROOPS

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.