Treasure Global (NASDAQ:TGL) Stock Price Up 7.3%

Treasure Global Inc. (NASDAQ:TGL)’s stock price rose 7.3% during mid-day trading on Wednesday . The company traded as high as $4.41 and last traded at $4.29. Approximately 65,057 shares traded hands during trading, a decline of 90% from the average daily volume of 625,394 shares. The stock had previously closed at $4.00.

Treasure Global Stock Up 2.6 %

The company has a 50-day moving average of $4.74 and a 200 day moving average of $10.30. The firm has a market capitalization of $51.92 million, a PE ratio of -1.43 and a beta of 3.35.

Treasure Global (NASDAQ:TGL) last released its earnings results on Wednesday, February 14th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.35. Treasure Global had a negative return on equity of 723.98% and a negative net margin of 17.50%. The company had revenue of $6.71 million during the quarter, compared to analyst estimates of $18.39 million.

Insider Buying and Selling at Treasure Global

In other Treasure Global news, CEO Chong Chan Teo purchased 16,714 shares of the stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $5.60 per share, with a total value of $93,598.40. Following the transaction, the chief executive officer now directly owns 56,478 shares of the company’s stock, valued at approximately $316,276.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Treasure Global during the 3rd quarter valued at $46,000. Geode Capital Management LLC bought a new stake in Treasure Global during the first quarter valued at about $45,000. Finally, Marshall Wace LLP bought a new stake in Treasure Global during the third quarter valued at about $68,000.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform.