Treasure Global (NASDAQ:TGL) Downgraded to “Sell” Rating by Wall Street Zen

Treasure Global (NASDAQ:TGL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Treasure Global Price Performance

NASDAQ TGL traded up $0.01 during trading hours on Friday, reaching $0.81. The company’s stock had a trading volume of 135,806 shares, compared to its average volume of 5,299,083. The firm has a fifty day simple moving average of $0.99 and a 200-day simple moving average of $1.25. The stock has a market cap of $6.87 million, a P/E ratio of -0.02 and a beta of 2.83. Treasure Global has a 52 week low of $0.68 and a 52 week high of $39.00.

Treasure Global (NASDAQ:TGL) last issued its quarterly earnings data on Tuesday, October 14th. The company reported ($3.36) earnings per share for the quarter. Treasure Global had a negative return on equity of 34.97% and a negative net margin of 1,002.87%.The business had revenue of $1.15 million during the quarter.

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.