TROOPS (NASDAQ:TROO) Trading 7.1% Higher - Should You Buy?

Key Points

• TROOPS shares jumped 7.1%, trading as high as $3.50 and last at $3.30, on a 305% surge in volume to 566,040 shares versus an average of 139,866; the 50‑day and 200‑day moving averages are $2.71 and $2.53.
• Analyst coverage is mixed with an average rating of Sell, although Wall Street Zen recently upgraded the stock to a Hold.
• Institutional investor XTX Topco Ltd boosted its position by 63.8% to 36,657 shares (about $117,000), signaling recent institutional buying interest.

Shares of TROOPS, Inc. (NASDAQ:TROO - Get Free Report) rose 7.1% during trading on Tuesday . The company traded as high as $3.50 and last traded at $3.30. 566,040 shares traded hands during mid-day trading, an increase of 305% from the average session volume of 139,866 shares. The stock had previously closed at $3.08.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of TROOPS to a "hold" rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

TROOPS Stock Up 7.1%

The business's fifty day moving average is $2.71 and its 200-day moving average is $2.53.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TROOPS stock. XTX Topco Ltd boosted its holdings in TROOPS, Inc. (NASDAQ:TROO - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,657 shares of the company's stock after buying an additional 14,280 shares during the quarter. XTX Topco Ltd's holdings in TROOPS were worth $117,000 at the end of the most recent reporting period.

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.

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