TROOPS (NASDAQ:TROO) Stock Price Down 8.6% – Here’s What Happened

TROOPS, Inc. (NASDAQ:TROO)’s share price traded down 8.6% during trading on Wednesday . The company traded as low as $2.23 and last traded at $2.44. 690,328 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 430,201 shares. The stock had previously closed at $2.67.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings downgraded TROOPS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. Wall Street Zen downgraded TROOPS from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

TROOPS Stock Performance

The firm has a 50 day moving average price of $3.28 and a 200-day moving average price of $3.07.

TROOPS (NASDAQ:TROO) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.11) EPS for the quarter. The company had revenue of $4.74 million during the quarter.

Institutional Trading of TROOPS

An institutional investor recently bought a new position in TROOPS stock. Goldman Sachs Group Inc. acquired a new position in shares of TROOPS, Inc. (NASDAQ:TROO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,613 shares of the company’s stock, valued at approximately $72,000.

TROOPS Company Profile

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.