Rich Sparkle (NASDAQ:ANPA) Shares Down 5.6% - Here's What Happened

Key Points

• Shares fell 5.6% intraday to $5.56 (intraday low $5.44) on Wednesday, with 11,684 shares traded—about 15% below average volume.
• Analyst sentiment is negative with a MarketBeat consensus rating of "Sell", though Wall Street Zen recently upgraded the stock to a Hold.
• Technical and recent results are weak: the 50-day and 200-day moving averages are $8.75 and $28.66 respectively, and the company reported $0.02 EPS on $2.25 million in quarterly revenue.

Rich Sparkle Holdings Limited (NASDAQ:ANPA - Get Free Report)'s share price fell 5.6% during mid-day trading on Wednesday . The company traded as low as $5.44 and last traded at $5.56. 11,684 shares traded hands during trading, a decline of 15% from the average session volume of 13,755 shares. The stock had previously closed at $5.89.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Rich Sparkle to a "hold" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rich Sparkle presently has a consensus rating of "Sell".

Rich Sparkle Stock Performance

The company's 50-day moving average is $8.75 and its 200 day moving average is $28.66.

Rich Sparkle (NASDAQ:ANPA - Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.02 EPS for the quarter. The firm had revenue of $2.25 million for the quarter.

About Rich Sparkle

Rich Sparkle Holdings Limited is a financial printing and corporate services provider which specializes in designing and printing quality financial print materials principally in Hong Kong. Its service portfolio covers a myriad of deliverables, mainly including listing documents, financial reports, fund documents, circulars and announcements. Rich Sparkle Holdings Limited is based in Hong Kong.

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