Greenpro Capital (NASDAQ:GRNQ) Stock Price Up 5.5% – Still a Buy?

Greenpro Capital Corp. (NASDAQ:GRNQ)’s stock price was up 5.5% during trading on Thursday . The company traded as high as $13.70 and last traded at $13.70. 4,951 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 12,086 shares. The stock had previously closed at $12.99.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Greenpro Capital Price Performance

The stock’s 50 day moving average price is $12.93 and its two-hundred day moving average price is $17.71. The firm has a market capitalization of $24.80 million, a price-to-earnings ratio of -3.81 and a beta of 1.00.

Insider Buying and Selling

In other news, CEO Chong Kuang Lee bought 6,559 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of $15.20 per share, with a total value of $99,696.80. Following the transaction, the chief executive officer directly owned 194,088 shares in the company, valued at approximately $2,950,137.60. The trade was a 3.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 19.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greenpro Capital

A number of institutional investors have recently made changes to their positions in the business. DRW Securities LLC bought a new stake in Greenpro Capital during the 4th quarter valued at approximately $30,000. Susquehanna International Group LLP acquired a new position in shares of Greenpro Capital during the third quarter worth approximately $34,000. Finally, Geode Capital Management LLC boosted its position in shares of Greenpro Capital by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock valued at $143,000 after acquiring an additional 5,656 shares during the period. 0.87% of the stock is currently owned by institutional investors.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.