Masonglory (NASDAQ:MSGY) Trading Down 4.5% – Here’s Why

Masonglory Limited (NASDAQ:MSGY) fell 4.5% on Friday . The stock traded as low as $1.82 and last traded at $1.93. Approximately 66,913 shares traded hands during trading, a decline of 97% from the average session volume of 2,334,199 shares. The stock had previously closed at $2.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Masonglory from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Masonglory Trading Down 4.5%

The stock’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.73.

Masonglory (NASDAQ:MSGY) last released its quarterly earnings results on Thursday, July 30th. The company reported ($2.28) earnings per share (EPS) for the quarter. The firm had revenue of $7.08 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Masonglory stock. Quadrature Capital Ltd lifted its stake in shares of Masonglory Limited (NASDAQ:MSGY) by 501.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,209 shares of the company’s stock after acquiring an additional 159,428 shares during the quarter. Quadrature Capital Ltd owned approximately 1.34% of Masonglory worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Masonglory Company Profile

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.