Waton Financial (NASDAQ:WTF) Trading Up 8.9% – Here’s Why

Waton Financial Limited (NASDAQ:WTF) was up 8.9% on Friday . The company traded as high as $3.70 and last traded at $3.54. Approximately 29,039 shares were traded during trading, a decline of 76% from the average daily volume of 119,628 shares. The stock had previously closed at $3.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Waton Financial in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Waton Financial Stock Performance

The firm’s 50-day moving average price is $4.37 and its 200 day moving average price is $5.06.

About Waton Financial

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions. The company was founded on June 25, 2010 and is headquartered in Hong Kong.