Garden Stage (NASDAQ:GSIW) Shares Down 5.7% – What’s Next?

Garden Stage Limited (NASDAQ:GSIWGet Free Report) fell 5.7% during trading on Friday . The stock traded as low as $15.59 and last traded at $16.19. Approximately 30,309 shares changed hands during trading, an increase of 10% from the average session volume of 27,597 shares. The stock had previously closed at $17.16.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Garden Stage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Garden Stage

Garden Stage Stock Performance

The company has a 50-day moving average of $21.67 and a 200-day moving average of $23.95.

Garden Stage (NASDAQ:GSIWGet Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported ($11.69) EPS for the quarter. The business had revenue of $1.94 million during the quarter.

Hedge Funds Weigh In On Garden Stage

A hedge fund recently raised its stake in Garden Stage stock. XTX Topco Ltd increased its stake in Garden Stage Limited (NASDAQ:GSIWFree Report) by 244.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,052 shares of the company’s stock after purchasing an additional 183,147 shares during the period. XTX Topco Ltd owned 0.72% of Garden Stage worth $33,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.47% of the company’s stock.

Garden Stage Company Profile

(Get Free Report)

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.

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