TROOPS (NASDAQ:TROO) Shares Down 7.3% – Here’s What Happened

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

Analysts Set New Price Targets

A number of research firms recently issued reports on TROO. Weiss Ratings cut shares of TROOPS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. Wall Street Zen cut shares of TROOPS from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

TROOPS Trading Down 7.3%

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

Hedge Funds Weigh In On TROOPS

An institutional investor recently bought a new stake in TROOPS stock. Goldman Sachs Group Inc. acquired a new stake in TROOPS, Inc. (NASDAQ:TROO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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.