Empro Group (NASDAQ:EMPG) Trading Down 2.3% - Here's Why

Key Points

• Empro Group (NASDAQ:EMPG) was down 2.3% on Friday, last trading at $17.36 after an intraday low of $17.01 with roughly 386,600 shares changing hands; its 50-day and 200-day simple moving averages are $17.36 and $17.29, respectively.
• Quadrature Capital Ltd increased its stake by 19.1% in the fourth quarter, adding 4,551 shares to hold 28,405 shares (about 0.35% of the company) worth approximately $493,000.
• Empro operates through Malaysian subsidiary EMP Solution, distributing healthcare and beauty products across the ASEAN region and Europe.

Empro Group Inc. (NASDAQ:EMPG - ) was down 2.3% on Friday . The stock traded as low as $17.01 and last traded at $17.36. Approximately 386,600 shares were traded during trading, The stock had previously closed at $17.76.

Empro Group Trading Down 2.3%

The company has a fifty day simple moving average of $17.36 and a two-hundred day simple moving average of $17.29.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Empro Group stock. Quadrature Capital Ltd grew its holdings in Empro Group Inc. (NASDAQ:EMPG - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,405 shares of the company's stock after acquiring an additional 4,551 shares during the quarter. Quadrature Capital Ltd owned about 0.35% of Empro Group worth $493,000 at the end of the most recent reporting period.

About Empro Group

Under the leadership of our founder, Yeoh Chee Wei, our company has steadily and successfully transcended its humble origins in the beauty industry during an operating history that spans nearly two decades. Our business is operated through our wholly-owned Malaysian subsidiary, EMP Solution, which was formed and commenced operations in 2005. We have secured exclusive distributorships with original equipment manufacturers in Asia, which enable us to distribute and market our healthcare and beauty products throughout the ASEAN region and in Europe.

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