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

Treasure Global Inc. (NASDAQ:TGL)’s share price rose 7.3% during trading on Wednesday . The stock traded as high as $4.41 and last traded at $4.29. Approximately 65,057 shares were traded 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 Trading Up 7.3 %

The firm has a 50-day moving average of $4.78 and a 200 day moving average of $10.34. The company has a market cap of $47.49 million, a P/E ratio of -1.28 and a beta of 3.35.

Treasure Global (NASDAQ:TGL) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.21) EPS 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 firm had revenue of $6.71 million during the quarter, compared to analysts’ expectations of $18.39 million.

Insider Activity

In other Treasure Global news, CEO Chong Chan Teo purchased 16,714 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $5.60 per share, for a total transaction of $93,598.40. Following the completion of the acquisition, the chief executive officer now 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 is available through this hyperlink. Corporate insiders own 5.17% of the company’s stock.

Institutional Trading of Treasure Global

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC bought a new stake in Treasure Global during the first quarter worth about $45,000. Jane Street Group LLC bought a new stake in Treasure Global during the third quarter worth about $46,000. Finally, Marshall Wace LLP bought a new stake in shares of Treasure Global in the 3rd quarter valued at about $68,000.

Treasure Global Company Profile

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.