Treasure Global (NASDAQ:TGL) Stock Price Up 7.3%

Treasure Global Inc. (NASDAQ:TGL) shares traded up 7.3% on Wednesday . The company traded as high as $4.41 and last traded at $4.29. 65,057 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 625,394 shares. The stock had previously closed at $4.00.

Treasure Global Stock Performance

The stock’s 50-day moving average is $4.78 and its 200 day moving average is $10.34. The stock has a market capitalization of $47.49 million, a PE ratio of -1.28 and a beta of 3.35.

Treasure Global (NASDAQ:TGL) last posted its earnings results on Wednesday, February 14th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.35. The firm had revenue of $6.71 million for the quarter, compared to the consensus estimate of $18.39 million. Treasure Global had a negative net margin of 17.50% and a negative return on equity of 723.98%.

Insider Activity at Treasure Global

In related news, CEO Chong Chan Teo bought 16,714 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $5.60 per share, with a total value of $93,598.40. Following the transaction, the chief executive officer now directly owns 56,478 shares of the company’s stock, valued at approximately $316,276.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new position in shares of Treasure Global during the first quarter worth about $45,000. Jane Street Group LLC acquired a new position in shares of Treasure Global during the third quarter worth about $46,000. Finally, Marshall Wace LLP acquired a new position in shares of Treasure Global during the third quarter worth about $68,000.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform.