Roma Green Finance (NASDAQ:ROMA) Shares Down 6.6% – Here’s Why

Shares of Roma Green Finance Limited (NASDAQ:ROMA) were down 6.6% during trading on Friday . The company traded as low as $8.86 and last traded at $8.8590. 15,384 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 326,390 shares. The stock had previously closed at $9.49.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ROMA shares. Wall Street Zen upgraded Roma Green Finance to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roma Green Finance in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Roma Green Finance Price Performance

The company has a 50 day moving average price of $7.84 and a 200 day moving average price of $5.19.

Roma Green Finance announced that its Board of Directors has approved a share buyback program on Monday, March 30th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Roma Green Finance Company Profile

Roma Green Finance Limited, through its subsidiaries, provides environmental, social, and governance (ESG); sustainability; and climate change related advisory services in Hong Kong and Singapore. It also offers sustainability program development, ESG reporting, corporate governance and risk management, climate change strategies and solutions, environmental audit, ESG rating support and shareholder communication, and education and training services. The company was founded in 2018 and is based in Wan Chai, Hong Kong.