Greenpro Capital (NASDAQ:GRNQ) Stock Price Up 5.5% – Should You Buy?

Greenpro Capital Corp. (NASDAQ:GRNQ) rose 5.5% during mid-day trading on Thursday . The stock traded as high as $13.70 and last traded at $13.70. Approximately 4,951 shares were traded during trading, a decline of 59% from the average daily volume of 12,086 shares. The stock had previously closed at $12.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenpro Capital in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Greenpro Capital Stock Down 12.3%

The firm has a market capitalization of $21.74 million, a PE ratio of -3.34 and a beta of 1.00. The firm has a 50-day moving average price of $12.88 and a 200 day moving average price of $17.67.

Insider Activity

In other news, CEO Chong Kuang Lee acquired 6,559 shares of Greenpro Capital stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $15.20 per share, with a total value of $99,696.80. Following the completion of the purchase, the chief executive officer owned 194,088 shares of the company’s stock, valued at approximately $2,950,137.60. This represents a 3.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 19.98% of the company’s stock.

Institutional Investors Weigh In On Greenpro Capital

A number of institutional investors have recently added to or reduced their stakes in GRNQ. DRW Securities LLC acquired a new stake in Greenpro Capital in the 4th quarter valued at $30,000. Susquehanna International Group LLP acquired a new position in shares of Greenpro Capital during the third quarter worth about $34,000. Finally, Geode Capital Management LLC lifted its stake in shares of Greenpro Capital by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after purchasing an additional 5,656 shares in the last quarter. Hedge funds and other institutional investors own 0.87% of the company’s stock.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.