Treasure Global (NASDAQ:TGL) Trading Up 276.4% – Still a Buy?

Treasure Global Inc. (NASDAQ:TGL) was up 276.4% on Friday . The stock traded as high as $29.39 and last traded at $25.44. Approximately 24,635,627 shares traded hands during mid-day trading, an increase of 1,851% from the average daily volume of 1,262,613 shares. The stock had previously closed at $6.7580.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TGL. Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research note on Tuesday. Wall Street Zen upgraded shares of Treasure Global from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Treasure Global Stock Performance

The stock has a market cap of $321.82 million, a P/E ratio of -1.28 and a beta of 2.86. The firm has a 50-day moving average price of $16.60 and a 200-day moving average price of $21.23.

Treasure Global Company Profile

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.