TROOPS (NASDAQ:TROO) Shares Down 4% – Here’s Why

TROOPS, Inc. (NASDAQ:TROO) traded down 4% on Wednesday . The stock traded as low as $1.02 and last traded at $1.94. Approximately 1,300,466 shares changed hands during trading, an increase of 257% from the average daily volume of 364,495 shares. The stock had previously closed at $2.02.

Analyst Upgrades and Downgrades

TROO has been the topic of several recent analyst reports. Weiss Ratings lowered 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 report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, TROOPS currently has a consensus rating of “Sell”.

TROOPS Trading Up 10.7%

The firm’s fifty day moving average is $3.21 and its 200-day moving average is $3.16.

TROOPS (NASDAQ:TROO) last issued 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 for the quarter.

Institutional Investors Weigh In On TROOPS

A hedge fund recently bought a new stake in TROOPS stock. Goldman Sachs Group Inc. bought a new stake in TROOPS, Inc. (NASDAQ:TROO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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.