Greenpro Capital (NASDAQ:GRNQ) Announces Earnings Results

Greenpro Capital (NASDAQ:GRNQ) posted its earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. Greenpro Capital had a negative return on equity of 31.13% and a negative net margin of 153.32%.The firm had revenue of $0.30 million for the quarter.

Greenpro Capital Trading Down 2.9%

Greenpro Capital stock traded down $0.04 during midday trading on Wednesday, hitting $1.17. The stock had a trading volume of 3,530 shares, compared to its average volume of 21,770. The business has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.84. Greenpro Capital has a 12 month low of $1.03 and a 12 month high of $3.18. The stock has a market cap of $21.00 million, a P/E ratio of -2.99 and a beta of 1.00.

Shares of Greenpro Capital are set to reverse split before the market opens on Thursday, August 6th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, August 5th.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenpro Capital in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Buying and Selling at Greenpro Capital

In other news, CEO Chong Kuang Lee purchased 65,591 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $1.52 per share, with a total value of $99,698.32. Following the transaction, the chief executive officer owned 1,940,884 shares in the company, valued at approximately $2,950,143.68. The trade was a 3.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.98% of the company’s stock.

Institutional Trading of Greenpro Capital

A number of institutional investors and hedge funds have recently modified their holdings of GRNQ. DRW Securities LLC bought a new stake in shares of Greenpro Capital in the 4th quarter worth approximately $30,000. Susquehanna International Group LLP bought a new position in Greenpro Capital during the 3rd quarter worth $34,000. Finally, Geode Capital Management LLC increased its position in Greenpro Capital by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after buying an additional 5,656 shares during the period. 0.87% of the stock is owned by institutional investors and hedge funds.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.