Lion Group (NASDAQ:LGHL) Trading Up 7.9% – Here’s Why

Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) shares rose 7.9% on Friday . The company traded as high as $8.65 and last traded at $7.6850. Approximately 44,476 shares were traded during trading, an increase of 246% from the average daily volume of 12,858 shares. The stock had previously closed at $7.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Lion Group in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Lion Group Trading Up 7.9%

The firm’s fifty day simple moving average is $1.43 and its 200-day simple moving average is $2.18.

Lion Group (NASDAQ:LGHL) last announced its earnings results on Friday, October 31st. The company reported ($1.25) earnings per share for the quarter. The company had revenue of ($1.47) million for the quarter.

About Lion Group

Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform for corporate clients, individual traders, and retail investors primarily in the People's Republic of China and Southeast Asia. Its trading platform offers a range of products and services comprising contracts for difference trading, over-the-counter stock options trading, futures and securities brokerage, and total return swap trading services through its Lion Brokers Pro app platform.