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

Treasure Global Inc. (NASDAQ:TGL) shares traded up 7.3% during trading on Wednesday . The stock traded as high as $4.41 and last traded at $4.29. 65,057 shares changed hands during trading, a decline of 90% from the average session volume of 625,394 shares. The stock had previously closed at $4.00.

Treasure Global Trading Up 2.6 %

The firm has a 50 day simple moving average of $4.74 and a 200 day simple 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 issued its earnings results on Wednesday, February 14th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.71 million for the quarter, compared to the consensus estimate of $18.39 million.

Insider Buying and Selling at Treasure Global

In other news, CEO Chong Chan Teo purchased 16,714 shares of the stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $5.60 per share, with a total value of $93,598.40. Following the acquisition, the chief executive officer now directly owns 56,478 shares of the company’s stock, valued at $316,276.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.17% of the company’s stock.

Hedge Funds Weigh In On Treasure Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in Treasure Global in the 3rd quarter worth $68,000. Geode Capital Management LLC purchased a new position in Treasure Global in the first quarter worth about $45,000. Finally, Jane Street Group LLC purchased a new position in shares of Treasure Global during the third quarter valued at approximately $46,000.

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.