Greenpro Capital (NASDAQ:GRNQ) Trading Down 3.1% – Here’s Why

Shares of Greenpro Capital Corp. (NASDAQ:GRNQGet Free Report) dropped 3.1% during trading on Monday . The stock traded as low as $1.60 and last traded at $1.7050. Approximately 31,042 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 143,860 shares. The stock had previously closed at $1.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Analysis on GRNQ

Greenpro Capital Stock Performance

The business’s fifty day moving average price is $1.51 and its two-hundred day moving average price is $1.52. The stock has a market capitalization of $14.28 million, a P/E ratio of -13.12 and a beta of 1.53.

Greenpro Capital (NASDAQ:GRNQGet Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) EPS for the quarter. Greenpro Capital had a negative net margin of 33.68% and a negative return on equity of 20.85%. The business had revenue of $0.39 million during the quarter.

Hedge Funds Weigh In On Greenpro Capital

A hedge fund recently bought a new stake in Greenpro Capital stock. Susquehanna International Group LLP purchased a new stake in shares of Greenpro Capital Corp. (NASDAQ:GRNQFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,954 shares of the company’s stock, valued at approximately $34,000. Susquehanna International Group LLP owned 0.30% of Greenpro Capital as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.87% of the company’s stock.

About Greenpro Capital

(Get Free Report)

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.

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