TROOPS (NASDAQ:TROO) Stock Price Up 0.4% - Time to Buy?

Key Points

• TROOPS (NASDAQ:TROO) rose about 0.4% in mid-day trading to roughly $2.27–$2.36, but volume was down ~69% from its average daily trading level.
• Analyst coverage is mixed: Wall Street Zen upgraded TROOPS to a "hold," but the stock's consensus rating remains "Sell".
• An institutional investor, XTX Topco Ltd, boosted its stake by 63.8% to 36,657 shares (~$117,000), while the stock trades below its 50-day moving average ($3.12) and near its 200-day moving average ($2.38).

TROOPS, Inc. (NASDAQ:TROO - Get Free Report)'s stock price rose 0.4% during mid-day trading on Monday . The company traded as high as $2.36 and last traded at $2.27. Approximately 52,159 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 170,506 shares. The stock had previously closed at $2.26.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised TROOPS to a "hold" rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

TROOPS Stock Up 0.4%

The business has a fifty day moving average price of $3.12 and a 200 day moving average price of $2.38.

Institutional Trading of TROOPS

A hedge fund recently raised its stake in TROOPS stock. XTX Topco Ltd increased its stake in shares of TROOPS, Inc. (NASDAQ:TROO - Free Report) by 63.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,657 shares of the company's stock after acquiring an additional 14,280 shares during the period. XTX Topco Ltd's holdings in TROOPS were worth $117,000 as of its most recent filing with the SEC.

About TROOPS

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.

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