Treasure Global (NASDAQ:TGL) Trading Up 6.1% – What’s Next?

Shares of Treasure Global Inc. (NASDAQ:TGL) were up 6.1% on Wednesday . The company traded as high as $3.13 and last traded at $2.96. Approximately 138,074 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 631,883 shares. The stock had previously closed at $2.79.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Treasure Global has a consensus rating of “Sell”.

Treasure Global Price Performance

The stock’s 50-day moving average price is $3.04 and its 200 day moving average price is $3.75. The firm has a market cap of $5.32 million, a P/E ratio of -0.01 and a beta of 2.93.

Hedge Funds Weigh In On Treasure Global

An institutional investor recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Treasure Global Inc. (NASDAQ:TGL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned 1.15% of Treasure Global at the end of the most recent quarter.

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.