TROOPS (NASDAQ:TROO) Stock Price Down 8.6% – Here’s What Happened

TROOPS, Inc. (NASDAQ:TROO)’s share price fell 8.6% during trading on Wednesday . The company traded as low as $2.23 and last traded at $2.44. 690,328 shares were traded during trading, an increase of 60% from the average session volume of 430,201 shares. The stock had previously closed at $2.67.

Analyst Ratings Changes

A number of research firms recently commented on TROO. Wall Street Zen cut TROOPS from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut TROOPS from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

TROOPS Stock Down 8.6%

The firm has a 50 day moving average price of $3.28 and a two-hundred day moving average price of $3.07.

TROOPS (NASDAQ:TROO) last released 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) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,613 shares of the company’s stock, valued at approximately $72,000.

TROOPS Company Profile

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.