Roma Green Finance (NASDAQ:ROMA) Shares Up 5.7% – Still a Buy?

Roma Green Finance Limited (NASDAQ:ROMA) shot up 5.7% during trading on Thursday . The stock traded as high as $8.81 and last traded at $9.27. Approximately 1,353 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 317,826 shares. The stock had previously closed at $8.77.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ROMA shares. Wall Street Zen upgraded shares of Roma Green Finance to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Roma Green Finance in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Roma Green Finance Stock Down 0.4%

The business has a 50 day moving average price of $7.98 and a 200-day moving average price of $5.40.

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