TROOPS (NASDAQ:TROO) Trading 10.1% Higher – Should You Buy?

TROOPS, Inc. (NASDAQ:TROO)’s share price shot up 10.1% during mid-day trading on Monday . The company traded as high as $4.98 and last traded at $5.1190. 114,637 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 585,357 shares. The stock had previously closed at $4.65.

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

TROOPS Price Performance

The firm has a 50-day moving average of $1.90 and a 200 day moving average of $1.36.

TROOPS (NASDAQ:TROO) last posted its quarterly earnings data on Friday, October 17th. The company reported $0.00 earnings per share for the quarter. The company 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.