Greenpro Capital (NASDAQ:GRNQ) Stock Price Up 5.5% – Here’s Why

Greenpro Capital Corp. (NASDAQ:GRNQ)’s share price rose 5.5% during trading on Thursday . The company traded as high as $13.70 and last traded at $13.70. Approximately 4,951 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 12,086 shares. The stock had previously closed at $12.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenpro Capital in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Greenpro Capital has an average rating of “Sell”.

Greenpro Capital Price Performance

The firm has a market cap of $24.80 million, a price-to-earnings ratio of -3.81 and a beta of 1.00. The stock’s fifty day moving average price is $12.93 and its 200-day moving average price is $17.71.

Insider Buying and Selling at Greenpro Capital

In other Greenpro Capital news, CEO Chong Kuang Lee purchased 6,559 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of $15.20 per share, for a total transaction of $99,696.80. Following the completion of the acquisition, the chief executive officer owned 194,088 shares of the company’s stock, valued at $2,950,137.60. This represents a 3.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.98% of the company’s stock.

Institutional Trading of Greenpro Capital

Institutional investors have recently made changes to their positions in the stock. DRW Securities LLC acquired a new position in Greenpro Capital in the 4th quarter valued at approximately $30,000. Geode Capital Management LLC increased its position in Greenpro Capital by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after purchasing an additional 5,656 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Greenpro Capital during the 3rd quarter worth about $34,000. 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.