ESGL (NASDAQ:ESGL) Trading Down 1.9% – Should You Sell?

ESGL Holdings Limited (NASDAQ:ESGL) shares fell 1.9% during mid-day trading on Friday . The stock traded as low as $3.12 and last traded at $3.15. 2,688 shares traded hands during trading, a decline of 7% from the average session volume of 2,894 shares. The stock had previously closed at $3.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ESGL in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

ESGL Stock Performance

The firm’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $3.62.

Institutional Trading of ESGL

An institutional investor recently bought a new position in ESGL stock. Citadel Advisors LLC bought a new position in shares of ESGL Holdings Limited (NASDAQ:ESGL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,623 shares of the company’s stock, valued at approximately $64,000.

ESGL Company Profile

ESGL Holdings Limited provides waste solutions. It regenerates industrial waste into circular products using technologies and renewable energy. The company was founded in 1999 and is based in Singapore.