Treasure Global (NASDAQ:TGL) Shares Down 9.3% – Should You Sell?

Treasure Global Inc. (NASDAQ:TGL) was down 9.3% during trading on Wednesday . The company traded as low as $1.64 and last traded at $1.65. Approximately 189,172 shares were traded during trading, a decline of 71% from the average daily volume of 644,549 shares. The stock had previously closed at $1.82.

Treasure Global Stock Down 9.3 %

The stock’s fifty day moving average is $3.84 and its two-hundred day moving average is $10.63.

Treasure Global (NASDAQ:TGL) last released its earnings results on Friday, February 14th. The company reported ($0.50) earnings per share for the quarter. Treasure Global had a negative net margin of 185.07% and a negative return on equity of 57.02%. The company had revenue of $300 billion during the quarter.

Hedge Funds Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Renaissance Technologies LLC purchased a new position in shares of Treasure Global Inc. (NASDAQ:TGL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned 1.21% of Treasure Global as of its most recent filing with the SEC.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform.