Greenpro Capital (NASDAQ:GRNQ) Stock Price Down 4.7% – Here’s Why

Greenpro Capital Corp. (NASDAQ:GRNQ)’s stock price dropped 4.7% on Monday . The company traded as low as $1.0601 and last traded at $1.19. 4,989 shares traded hands during trading, a decline of 16% from the average daily volume of 5,910 shares. The stock had previously closed at $1.2487.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenpro Capital in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenpro Capital has a consensus rating of “Sell”.

Greenpro Capital Trading Down 4.7%

The firm has a market cap of $21.46 million, a price-to-earnings ratio of -3.05 and a beta of 0.95. The stock has a 50-day moving average of $1.44 and a 200-day moving average of $1.86.

Greenpro Capital (NASDAQ:GRNQ) last issued its earnings results on Friday, May 8th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $0.41 million during the quarter. Greenpro Capital had a negative return on equity of 31.13% and a negative net margin of 153.32%.

Insider Activity at Greenpro Capital

In other news, CEO Chong Kuang Lee acquired 107,310 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average price of $2.33 per share, with a total value of $250,032.30. Following the acquisition, the chief executive officer directly owned 1,846,344 shares in the company, valued at approximately $4,301,981.52. The trade was a 6.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 201,850 shares of company stock worth $399,812 in the last three months. 19.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GRNQ. DRW Securities LLC bought a new position in Greenpro Capital in the 4th quarter worth about $30,000. Susquehanna International Group LLP bought a new stake in shares of Greenpro Capital during the third quarter valued at approximately $34,000. Finally, Geode Capital Management LLC boosted its position in shares of Greenpro Capital by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after buying an additional 5,656 shares during the period. 0.87% of the stock is owned by institutional investors and hedge funds.

Greenpro Capital Company Profile

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.