Garden Stage (NASDAQ:GSIW) Stock Price Up 1.4% – Here’s Why

Garden Stage Limited (NASDAQ:GSIWGet Free Report) shares traded up 1.4% on Friday . The company traded as high as $18.40 and last traded at $17.56. Approximately 15,546 shares traded hands during trading, an increase of 54% from the average session volume of 10,086 shares. The stock had previously closed at $17.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Garden Stage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Garden Stage presently has a consensus rating of “Sell”.

View Our Latest Report on Garden Stage

Garden Stage Trading Up 1.4%

The stock has a 50-day simple moving average of $25.68 and a two-hundred day simple moving average of $25.38.

Garden Stage (NASDAQ:GSIWGet Free Report) last issued its earnings results on Friday, July 31st. The company reported ($11.69) earnings per share for the quarter. The business had revenue of $1.94 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Garden Stage stock. XTX Topco Ltd raised its holdings in shares of Garden Stage Limited (NASDAQ:GSIWFree Report) by 244.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 258,052 shares of the company’s stock after purchasing an additional 183,147 shares during the period. XTX Topco Ltd owned 0.72% of Garden Stage worth $33,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.47% of the company’s stock.

About Garden Stage

(Get Free Report)

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.

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