Garden Stage (NASDAQ:GSIW) Shares Down 3.3% – Here’s What Happened

Garden Stage Limited (NASDAQ:GSIW)’s share price was down 3.3% during trading on Tuesday . The company traded as low as $30.00 and last traded at $29.02. Approximately 2,683 shares were traded during trading, a decline of 32% from the average daily volume of 3,918 shares. The stock had previously closed at $30.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Garden Stage in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Garden Stage has a consensus rating of “Sell”.

Garden Stage Stock Down 3.3%

The business has a 50 day simple moving average of $24.16 and a 200-day simple moving average of $26.40.

Hedge Funds Weigh In On Garden Stage

An institutional investor recently raised its position in Garden Stage stock. XTX Topco Ltd grew its position in Garden Stage Limited (NASDAQ:GSIW) by 244.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,052 shares of the company’s stock after purchasing an additional 183,147 shares during the period. XTX Topco Ltd owned approximately 0.72% of Garden Stage worth $33,000 as of its most recent SEC filing. Institutional investors own 0.47% of the company’s stock.

Garden Stage Company Profile

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.