Roma Green Finance (NASDAQ:ROMA) Shares Gap Up – Time to Buy?

Roma Green Finance Limited (NASDAQ:ROMA)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.09, but opened at $9.83. Roma Green Finance shares last traded at $9.65, with a volume of 2,202 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on ROMA. Weiss Ratings reissued a “sell (e+)” rating on shares of Roma Green Finance in a research note on Friday. Wall Street Zen raised Roma Green Finance to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Roma Green Finance Trading Up 0.3%

The stock has a 50 day moving average of $7.96 and a 200-day moving average of $5.35.

Roma Green Finance declared that its board has approved a share buyback program on Monday, March 30th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is 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.