TROOPS (NASDAQ:TROO) Shares Up 11.1% – Here’s Why

Shares of TROOPS, Inc. (NASDAQ:TROO) shot up 11.1% during trading on Wednesday . The stock traded as high as $3.40 and last traded at $3.20. 416,654 shares were traded during mid-day trading, an increase of 197% from the average session volume of 140,168 shares. The stock had previously closed at $2.88.

Key Headlines Impacting TROOPS

Here are the key news stories impacting TROOPS this week:

• Positive Sentiment: Analyst/media coverage citing an intraday gain and asking whether TROOPS is still a buy — this writeup appears to have helped attract buying interest. TROOPS (NASDAQ:TROO) Trading 11.1% Higher
• Neutral Sentiment: Multiple national headlines about President Trump withdrawing or reassigning National Guard troops from several U.S. cities — these are political/military stories that use the word “troops” but do not relate to TROOPS, Inc.; they may create ticker-search noise. Trump says he’s removing National Guard troops
• Neutral Sentiment: Report that the Department of Justice won’t fight a court order returning control of troops in Los Angeles to Governor Newsom — likely unrelated to the company but part of the same topical newsflow. Trump DOJ won’t fight order to return control of troops in LA to Newsom
• Neutral Sentiment: Additional articles covering the withdrawal of National Guard troops and related governor statements — these drive general attention to the “troops” keyword but carry no direct corporate implications for TROOPS, Inc. Trump issues warning as National Guard troops withdrawn
• Neutral Sentiment: Regional reports about governors and National Guard deployments (Oregon, Portland coverage) — informational but not company-specific. Oregon governor says she hasn’t received word yet that National Guard troops can go home
• Neutral Sentiment: International security incidents (Borno, Nigeria) reporting arrests of suspected suicide bombers — completely unrelated to TROOPS, Inc. but part of the global “troops” news batch. Borno Mosque Alert: Troops Arrest Suspected Suicide Bomber
• Negative Sentiment: Elevated volume and a quick price run (stock trading near its 52‑week high) increase the risk of a short‑term reversal; some of today’s moves may be driven by headline/ticker confusion rather than fundamentals, raising volatility risk for traders and longer‑term investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of TROOPS 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, TROOPS presently has a consensus rating of “Sell”.

TROOPS Trading Up 11.1%

The firm’s fifty day simple moving average is $1.59 and its 200 day simple moving average is $1.21.

TROOPS (NASDAQ:TROO) last announced its quarterly earnings data on Friday, October 17th. The company reported $0.00 earnings per share for the quarter. The firm had revenue of $3.81 million during the quarter.

TROOPS Company Profile

TROOPS, Inc, together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans; operates online financial marketplace through a platform for money lending, system integration, and consultation services; and invests in real estate properties in Hong Kong. It also offers fintech and IT support services, which includes artificial intelligence, big data and blockchain technology, machine learning, fingerprint ID, facial recognition, and cloud computing, and GFS strives; and engages in property leasing and management services.