Greenpro Capital (NASDAQ:GRNQ) Shares Down 5.7% – Here’s Why

Greenpro Capital Corp. (NASDAQ:GRNQ) shares dropped 5.7% during trading on Wednesday . The stock traded as low as $9.08 and last traded at $9.76. 96,904 shares were traded during mid-day trading, a decline of 20% from the average session volume of 120,934 shares. The stock had previously closed at $10.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenpro Capital in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Greenpro Capital Stock Up 5.2%

The company has a market cap of $19.06 million, a price-to-earnings ratio of -2.89 and a beta of 0.98. The stock has a fifty day moving average price of $12.34 and a two-hundred day moving average price of $17.16.

Insider Activity at Greenpro Capital

In related news, CEO Lee Kuang purchased 6,559 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was 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 directly owned 194,088 shares in the company, valued at $2,950,137.60. This trade represents a 3.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 19.98% of the company’s stock.

About Greenpro Capital

Greenpro Capital Corp. is a business consulting and financial-services company that provides cross-border corporate solutions, primarily for small and midsize businesses. Its services have included corporate advisory and consulting, accounting and bookkeeping outsourcing, tax planning, business structuring, and assistance with international expansion.

The company has also offered services related to family offices, trusts, asset protection, and wealth management, helping clients organize business and personal assets across multiple jurisdictions.