TROOPS (NASDAQ:TROO) Stock Price Down 7.3% – Time to Sell?

TROOPS, Inc. (NASDAQ:TROO)’s stock price was down 7.3% during mid-day trading on Friday . The stock traded as low as $1.90 and last traded at $1.91. Approximately 248,194 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 288,996 shares. The stock had previously closed at $2.06.

Wall Street Analyst Weigh In

TROO has been the subject of a number of recent research reports. Wall Street Zen downgraded TROOPS from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of TROOPS from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, TROOPS has a consensus rating of “Sell”.

TROOPS Price Performance

The firm’s fifty day moving average is $2.15 and its 200-day moving average is $2.83.

Institutional Investors Weigh In On TROOPS

A hedge fund recently bought a new position in TROOPS stock. Goldman Sachs Group Inc. purchased a new stake in TROOPS, Inc. (NASDAQ:TROO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,613 shares of the company’s stock, valued at approximately $72,000.

About TROOPS

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.