Garden Stage Limited (NASDAQ:GSIW – Get Free Report) fell 5.7% on Friday . The company traded as low as $15.59 and last traded at $16.19. 30,309 shares traded hands during trading, an increase of 10% from the average daily volume of 27,597 shares. The stock had previously closed at $17.16.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Garden Stage from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Garden Stage currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Garden Stage
Garden Stage Trading Down 5.7%
Garden Stage (NASDAQ:GSIW – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported ($11.69) earnings per share (EPS) for the quarter. The firm had revenue of $1.94 million during the quarter.
Hedge Funds Weigh In On Garden Stage
A hedge fund recently raised its stake in Garden Stage stock. XTX Topco Ltd raised its position in shares of Garden Stage Limited (NASDAQ:GSIW – Free Report) by 244.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 258,052 shares of the company’s stock after buying an additional 183,147 shares during the quarter. XTX Topco Ltd owned about 0.72% of Garden Stage worth $33,000 at the end of the most recent reporting period. Institutional investors own 0.47% of the company’s stock.
Garden Stage Company Profile
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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