Garden Stage (NASDAQ:GSIW) Stock Price Down 3.1% – Here’s Why

Garden Stage Limited (NASDAQ:GSIW)’s stock price was down 3.1% during trading on Monday. The stock traded as low as $10.08 and last traded at $10.1770. 2,898 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 16,223 shares. The stock had previously closed at $10.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Garden Stage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Garden Stage currently has a consensus rating of “Sell”.

Garden Stage Stock Down 1.7%

The firm has a fifty day simple moving average of $13.96 and a two-hundred day simple moving average of $22.19.

Garden Stage (NASDAQ:GSIW) last issued its quarterly earnings data on Friday, July 31st. The company reported ($11.69) EPS for the quarter. The firm had revenue of $1.94 million during the quarter.

Garden Stage Company Profile

Garden Stage Limited is a financial services company headquartered in Hong Kong. Through its subsidiaries, the company provides services to corporate, institutional and individual clients in the Hong Kong capital markets.

Its principal activities include securities brokerage, securities dealing and related trading services. Garden Stage also provides corporate finance advisory services, including assistance with capital-market transactions, as well as asset management services for clients seeking professional investment management.

Garden Stage operates primarily in Hong Kong and is subject to the regulatory framework applicable to financial services providers in the region.