TROOPS (NASDAQ:TROO) Trading Down 4.9% – Here’s Why

by · The Cerbat Gem

TROOPS, Inc. (NASDAQ:TROO – Get Free Report) was down 4.9% on Wednesday . The stock traded as low as $1.49 and last traded at $1.4650. Approximately 74,012 shares changed hands during trading, an increase of 48% from the average daily volume of 50,043 shares. The stock had previously closed at $1.54.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TROOPS in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Research Report on TROO

TROOPS Trading Down 4.9%

The firm’s fifty day moving average is $1.36 and its 200-day moving average is $1.06.

TROOPS (NASDAQ:TROO – Get Free Report) last issued its quarterly earnings data on Friday, October 17th. The company reported $0.00 EPS for the quarter. The company had revenue of $3.81 million during the quarter.

TROOPS Company Profile

(Get Free Report)

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.

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