Greenpro Capital (NASDAQ:GRNQ) Trading Down 3.1% – Here’s Why

Greenpro Capital Corp. (NASDAQ:GRNQ)’s share price fell 3.1% during mid-day trading on Monday . The stock traded as low as $1.60 and last traded at $1.7050. 31,042 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 143,860 shares. The stock had previously closed at $1.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Greenpro Capital presently has an average rating of “Sell”.

Greenpro Capital Trading Down 3.1%

The company has a market capitalization of $14.28 million, a PE ratio of -13.12 and a beta of 1.53. The firm’s 50-day simple moving average is $1.51 and its 200-day simple moving average is $1.52.

Greenpro Capital (NASDAQ:GRNQ) last issued its earnings results on Thursday, November 13th. The company reported ($0.07) EPS for the quarter. The company had revenue of $0.39 million for the quarter. Greenpro Capital had a negative return on equity of 20.85% and a negative net margin of 33.68%.

Institutional Investors Weigh In On Greenpro Capital

An institutional investor recently bought a new position in Greenpro Capital stock. Susquehanna International Group LLP purchased a new position in shares of Greenpro Capital Corp. (NASDAQ:GRNQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,954 shares of the company’s stock, valued at approximately $34,000. Susquehanna International Group LLP owned approximately 0.30% of Greenpro Capital at the end of the most recent quarter. 0.87% of the stock is owned by hedge funds and other institutional investors.

Greenpro Capital Company Profile

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.