Waton Financial (NASDAQ:WTF) Shares Down 1.5% – Time to Sell?

Waton Financial Limited (NASDAQ:WTF)’s share price traded down 1.5% during trading on Monday . The company traded as low as $2.60 and last traded at $2.66. 4,761 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 4,621 shares. The stock had previously closed at $2.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Waton Financial in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Waton Financial has an average rating of “Sell”.

Waton Financial Trading Up 1.5%

The business’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $3.33.

Waton Financial (NASDAQ:WTF) last released its quarterly earnings results on Friday, July 31st. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $2.49 million during the quarter.

Institutional Trading of Waton Financial

An institutional investor recently bought a new position in Waton Financial stock. Boothbay Fund Management LLC acquired a new position in shares of Waton Financial Limited (NASDAQ:WTF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 88,713 shares of the company’s stock, valued at approximately $293,000. Boothbay Fund Management LLC owned 0.19% of Waton Financial as of its most recent SEC filing.

About Waton Financial

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions. The company was founded on June 25, 2010 and is headquartered in Hong Kong.