Greenpro Capital (NASDAQ:GRNQ) Shares Down 4.8% – Should You Sell?

Shares of Greenpro Capital Corp. (NASDAQ:GRNQ) were down 4.8% during mid-day trading on Thursday . The company traded as low as $1.4501 and last traded at $1.4760. Approximately 4,552 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 14,469 shares. The stock had previously closed at $1.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenpro Capital in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Greenpro Capital Stock Down 5.7%

The stock has a 50-day simple moving average of $2.33 and a two-hundred day simple moving average of $1.94. The firm has a market cap of $26.79 million, a PE ratio of -3.81 and a beta of 1.13.

Greenpro Capital (NASDAQ:GRNQ) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.10) earnings per share for the quarter. Greenpro Capital had a negative net margin of 153.32% and a negative return on equity of 31.13%. The firm had revenue of $0.41 million for the quarter.

Insiders Place Their Bets

In other news, CEO Chong Kuang Lee purchased 107,310 shares of the stock in a transaction on Tuesday, April 28th. The shares were acquired at an average price of $2.33 per share, for a total transaction of $250,032.30. Following the completion of the transaction, the chief executive officer directly owned 1,846,344 shares of the company’s stock, valued at approximately $4,301,981.52. This trade represents a 6.17% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 39.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Greenpro Capital by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock valued at $143,000 after buying an additional 5,656 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Greenpro Capital during the third quarter valued at about $34,000. Finally, DRW Securities LLC bought a new position in shares of Greenpro Capital during the fourth quarter valued at about $30,000. 0.87% of the stock is owned by institutional investors.

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.