Empro Group (NASDAQ:EMPG) Trading Down 2.3% – Time to Sell?

Empro Group Inc. (NASDAQ:EMPG)’s stock price dropped 2.3% during mid-day trading on Thursday . The stock traded as low as $17.01 and last traded at $17.36. Approximately 386,600 shares traded hands during mid-day trading, The stock had previously closed at $17.76.

Empro Group Stock Performance

The firm’s 50-day simple moving average is $17.36 and its 200 day simple moving average is $15.29.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Empro Group stock. Quadrature Capital Ltd lifted its holdings in shares of Empro Group Inc. (NASDAQ:EMPG) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,405 shares of the company’s stock after purchasing an additional 4,551 shares during the period. Quadrature Capital Ltd owned about 0.35% of Empro Group worth $493,000 as of its most recent SEC filing.

Empro Group Company Profile

Under the leadership of our founder, Yeoh Chee Wei, our company has steadily and successfully transcended its humble origins in the beauty industry during an operating history that spans nearly two decades. Our business is operated through our wholly-owned Malaysian subsidiary, EMP Solution, which was formed and commenced operations in 2005. We have secured exclusive distributorships with original equipment manufacturers in Asia, which enable us to distribute and market our healthcare and beauty products throughout the ASEAN region and in Europe.