TROOPS (NASDAQ:TROO) Trading Down 8.6% – Should You Sell?

TROOPS, Inc. (NASDAQ:TROO) shares fell 8.6% during trading on Wednesday . The stock traded as low as $2.23 and last traded at $2.44. 690,328 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 430,201 shares. The stock had previously closed at $2.67.

Wall Street Analyst Weigh In

TROO has been the topic of several analyst reports. Weiss Ratings downgraded shares of TROOPS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of TROOPS from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, TROOPS has a consensus rating of “Sell”.

TROOPS Stock Performance

The stock has a 50 day moving average price of $3.28 and a two-hundred day moving average price of $3.08.

TROOPS (NASDAQ:TROO) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.11) EPS for the quarter. The company had revenue of $4.74 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in TROOPS stock. Goldman Sachs Group Inc. purchased a new stake in shares of TROOPS, Inc. (NASDAQ:TROO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,613 shares of the company’s stock, valued at approximately $72,000.

About TROOPS

TROOPS, Inc, together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans; operates online financial marketplace through a platform for money lending, system integration, and consultation services; and invests in real estate properties in Hong Kong. It also offers fintech and IT support services, which includes artificial intelligence, big data and blockchain technology, machine learning, fingerprint ID, facial recognition, and cloud computing, and GFS strives; and engages in property leasing and management services.