Lion Group (NASDAQ:LGHL) Stock Price Up 7.9% – Here’s Why

Shares of Lion Group Holding Ltd. Sponsored ADR (NASDAQ:LGHL) rose 7.9% during trading on Friday . The stock traded as high as $8.65 and last traded at $7.6850. Approximately 44,476 shares were traded during trading, an increase of 246% from the average daily volume of 12,858 shares. The stock had previously closed at $7.12.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Lion Group in a research note on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Lion Group Trading Up 7.9%

The business has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $2.18.

Lion Group (NASDAQ:LGHL) last posted its quarterly earnings results on Friday, October 31st. The company reported ($1.25) earnings per share (EPS) for the quarter. The company had revenue of ($1.47) million for the quarter.

Lion Group Company Profile

Lion Group Holding Ltd., together with its subsidiaries, operates a trading platform for corporate clients, individual traders, and retail investors primarily in the People's Republic of China and Southeast Asia. Its trading platform offers a range of products and services comprising contracts for difference trading, over-the-counter stock options trading, futures and securities brokerage, and total return swap trading services through its Lion Brokers Pro app platform.