Greenpro Capital (NASDAQ:GRNQ) Stock Price Down 4.7% – Should You Sell?

Greenpro Capital Corp. (NASDAQ:GRNQ) shares dropped 4.7% during mid-day trading on Monday . The company traded as low as $1.0601 and last traded at $1.19. 4,989 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 5,910 shares. The stock had previously closed at $1.2487.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Greenpro Capital in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Greenpro Capital Trading Down 2.9%

The firm has a market capitalization of $20.82 million, a PE ratio of -2.96 and a beta of 0.95. The company has a fifty day moving average price of $1.43 and a two-hundred day moving average price of $1.86.

Greenpro Capital (NASDAQ:GRNQ) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter. Greenpro Capital had a negative return on equity of 31.13% and a negative net margin of 153.32%.The firm had revenue of $0.41 million for the quarter.

Insider Activity at Greenpro Capital

In other Greenpro Capital news, CEO Chong Kuang Lee purchased 65,591 shares of Greenpro Capital stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $1.52 per share, for a total transaction of $99,698.32. Following the transaction, the chief executive officer directly owned 1,940,884 shares in the company, valued at $2,950,143.68. This trade represents a 3.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 19.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Greenpro Capital

A number of institutional investors and hedge funds have recently made changes to their positions in GRNQ. DRW Securities LLC purchased a new position in shares of Greenpro Capital during the fourth quarter worth about $30,000. Susquehanna International Group LLP purchased a new stake in Greenpro Capital during the 3rd quarter valued at approximately $34,000. Finally, Geode Capital Management LLC lifted its position in Greenpro Capital by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares during the period. 0.87% of the stock is owned by hedge funds and other institutional investors.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.