Roma Green Finance (NASDAQ:ROMA) Shares Up 5.7% – Still a Buy?

Roma Green Finance Limited (NASDAQ:ROMA) shot up 5.7% on Thursday . The stock traded as high as $8.81 and last traded at $9.27. Approximately 1,353 shares changed hands during trading, a decline of 100% from the average session volume of 317,826 shares. The stock had previously closed at $8.77.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROMA. Wall Street Zen raised Roma Green Finance to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roma Green Finance in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Roma Green Finance currently has a consensus rating of “Sell”.

Roma Green Finance Trading Down 0.4%

The business has a fifty day moving average price of $7.98 and a 200 day moving average price of $5.40.

Roma Green Finance announced that its board has initiated a share buyback plan on Monday, March 30th that permits the company to buyback $0.00 in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

About Roma Green Finance

Roma Green Finance Limited, through its subsidiaries, provides environmental, social, and governance (ESG); sustainability; and climate change related advisory services in Hong Kong and Singapore. It also offers sustainability program development, ESG reporting, corporate governance and risk management, climate change strategies and solutions, environmental audit, ESG rating support and shareholder communication, and education and training services. The company was founded in 2018 and is based in Wan Chai, Hong Kong.