TROOPS (NASDAQ:TROO) Shares Down 0.9% – Time to Sell?

TROOPS, Inc. (NASDAQ:TROO)’s stock price traded down 0.9% during mid-day trading on Friday . The company traded as low as $2.08 and last traded at $2.09. Approximately 290,512 shares traded hands during trading, a decline of 13% from the average session volume of 333,623 shares. The stock had previously closed at $2.11.

Analysts Set New Price Targets

Separately, Weiss Ratings cut TROOPS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, TROOPS presently has a consensus rating of “Sell”.

TROOPS Stock Down 0.9%

The firm’s fifty day simple moving average is $2.03 and its 200-day simple moving average is $2.65.

Hedge Funds Weigh In On TROOPS

An institutional investor recently bought a new position in TROOPS stock. Goldman Sachs Group Inc. acquired a new stake in TROOPS, Inc. (NASDAQ:TROO) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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.