ESGL (NASDAQ:ESGL) Stock Price Down 1.9% – Time to Sell?

ESGL Holdings Limited (NASDAQ:ESGL) traded down 1.9% on Friday . The stock traded as low as $3.12 and last traded at $3.15. 2,688 shares were traded during trading, a decline of 7% from the average session volume of 2,894 shares. The stock had previously closed at $3.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ESGL in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ESGL currently has an average rating of “Sell”.

ESGL Price Performance

The company has a 50-day simple moving average of $3.72 and a 200 day simple moving average of $3.63.

Institutional Investors Weigh In On ESGL

An institutional investor recently bought a new position in ESGL stock. Citadel Advisors LLC bought a new position in shares of ESGL Holdings Limited (NASDAQ:ESGL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,623 shares of the company’s stock, valued at approximately $64,000.

ESGL Company Profile

ESGL Holdings Limited provides waste solutions. It regenerates industrial waste into circular products using technologies and renewable energy. The company was founded in 1999 and is based in Singapore.