Roma Green Finance (NASDAQ:ROMA) Shares Cross Above 200 Day Moving Average – What’s Next?

Roma Green Finance Limited (NASDAQ:ROMA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.08 and traded as high as $6.06. Roma Green Finance shares last traded at $5.66, with a volume of 136,973 shares trading hands.

Analysts Set New Price Targets

ROMA has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Roma Green Finance in a research report on Tuesday. Wall Street Zen upgraded shares of Roma Green Finance to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Roma Green Finance Price Performance

The stock’s 50-day moving average is $4.41 and its 200 day moving average is $3.12.

Roma Green Finance (NASDAQ:ROMA) last released its earnings results on Tuesday, December 23rd. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.24 million during the quarter.

Roma Green Finance declared that its board has initiated a share buyback program on Monday, March 30th that permits the company to buyback $0.00 in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

About Roma Green Finance

Roma Green Finance Limited, through its subsidiaries, provides environmental, social, and governance (ESG); sustainability; and climate change related advisory services in Hong Kong and Singapore. It also offers sustainability program development, ESG reporting, corporate governance and risk management, climate change strategies and solutions, environmental audit, ESG rating support and shareholder communication, and education and training services. The company was founded in 2018 and is based in Wan Chai, Hong Kong.