Treasure Global (NASDAQ:TGL) Stock Price Up 0.2% – Here’s What Happened

Shares of Treasure Global Inc. (NASDAQ:TGL) rose 0.2% during mid-day trading on Wednesday . The stock traded as high as $4.96 and last traded at $4.90. Approximately 23,361 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 93,411 shares. The stock had previously closed at $4.89.

Analyst Ratings Changes

TGL has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a report on Monday, December 29th. Wall Street Zen lowered Treasure Global from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Treasure Global has a consensus rating of “Sell”.

Treasure Global Stock Performance

The stock’s 50-day simple moving average is $7.16 and its two-hundred day simple moving average is $15.11. The stock has a market cap of $8.23 million, a price-to-earnings ratio of -0.01 and a beta of 2.97.

Treasure Global Company Profile

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.