Treasure Global (NASDAQ:TGL) Trading Down 0.2% – Time to Sell?

Treasure Global Inc. (NASDAQ:TGL)’s stock price fell 0.2% on Tuesday . The company traded as low as $4.06 and last traded at $4.16. 24,396 shares traded hands during trading, a decline of 28% from the average session volume of 33,919 shares. The stock had previously closed at $4.17.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Treasure Global from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Treasure Global Price Performance

The company has a market capitalization of $6.99 million, a PE ratio of -0.01 and a beta of 2.95. The stock has a 50-day simple moving average of $5.36 and a 200 day simple moving average of $12.63.

Treasure Global (NASDAQ:TGL) last announced its quarterly earnings results on Monday, February 23rd. The company reported ($3.47) earnings per share for the quarter. The firm had revenue of $1.08 million during the quarter. Treasure Global had a negative net margin of 889.11% and a negative return on equity of 53.23%.

Hedge Funds Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC purchased a new stake in Treasure Global Inc. (NASDAQ:TGL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned approximately 1.15% of Treasure Global at the end of the most recent reporting period.

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. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.