Treasure Global (NASDAQ:TGL) Shares Down 0.2% – Here’s Why

Treasure Global Inc. (NASDAQ:TGL) shares fell 0.2% on Tuesday . The company traded as low as $4.06 and last traded at $4.16. 24,396 shares were traded during trading, a decline of 28% from the average session volume of 33,919 shares. The stock had previously closed at $4.17.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TGL. Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, December 29th. Wall Street Zen cut Treasure Global from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Treasure Global presently has a consensus rating of “Sell”.

Treasure Global Price Performance

The company has a 50-day moving average of $5.36 and a two-hundred day moving average of $12.63. The stock has a market capitalization of $6.99 million, a PE ratio of -0.01 and a beta of 2.95.

Treasure Global (NASDAQ:TGL) last posted its quarterly earnings results on Monday, February 23rd. The company reported ($3.47) EPS for the quarter. Treasure Global had a negative net margin of 889.11% and a negative return on equity of 53.23%. The business had revenue of $1.08 million during the quarter.

Institutional Investors Weigh In On Treasure Global

An institutional investor recently bought a new position in Treasure Global stock. Schonfeld Strategic Advisors LLC bought a new stake in Treasure Global Inc. (NASDAQ:TGL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned 1.15% of Treasure Global as of its most recent filing with the Securities & Exchange Commission.

Treasure Global Company Profile

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.