Garden Stage (NASDAQ:GSIW) Stock Price Up 17.3% – Here’s What Happened

Garden Stage Limited (NASDAQ:GSIW)’s stock price rose 17.3% during trading on Tuesday . The stock traded as high as $24.50 and last traded at $22.30. Approximately 27,214 shares traded hands during trading, a decline of 39% from the average daily volume of 44,890 shares. The stock had previously closed at $19.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Garden Stage in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Garden Stage Price Performance

The stock’s fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $26.87.

Institutional Trading of Garden Stage

A hedge fund recently raised its stake in Garden Stage stock. XTX Topco Ltd raised its holdings in shares of Garden Stage Limited (NASDAQ:GSIW) by 244.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 258,052 shares of the company’s stock after buying an additional 183,147 shares during the period. XTX Topco Ltd owned about 0.72% of Garden Stage worth $33,000 as of its most recent SEC filing. Institutional investors own 0.47% of the company’s stock.

About Garden Stage

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.