Garden Stage (NASDAQ:GSIW) Stock Price Up 3.5% – Still a Buy?

Garden Stage Limited (NASDAQ:GSIW)’s stock price shot up 3.5% during trading on Thursday . The company traded as high as $27.70 and last traded at $24.7460. Approximately 6,241 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 9,212 shares. The stock had previously closed at $23.90.

Analyst Ratings Changes

Separately, Weiss Ratings raised Garden Stage from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Garden Stage Stock Up 8.4%

The business has a 50 day simple moving average of $28.70 and a 200 day simple moving average of $26.32.

Institutional Investors Weigh In On Garden Stage

An institutional investor recently raised its position in Garden Stage stock. XTX Topco Ltd lifted its holdings in Garden Stage Limited (NASDAQ:GSIW) by 244.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,052 shares of the company’s stock after buying an additional 183,147 shares during the quarter. XTX Topco Ltd owned 0.72% of Garden Stage worth $33,000 as of its most recent SEC filing. 0.47% of the stock is owned by hedge funds and other institutional investors.

About Garden Stage

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.