Treasure Global (NASDAQ:TGL) Issues Earnings Results

Treasure Global (NASDAQ:TGL) issued its quarterly earnings results on Tuesday. The company reported ($2.00) EPS for the quarter, topping the consensus estimate of ($9,100.00) by $9,098.00, FiscalAI reports. Treasure Global had a negative return on equity of 94.34% and a negative net margin of 791.30%. The company had revenue of $2.41 million for the quarter, compared to the consensus estimate of $14.78 million.

Treasure Global Stock Performance

Shares of NASDAQ:TGL traded down $0.56 during midday trading on Tuesday, reaching $0.28. 5,187,699 shares of the company’s stock were exchanged, compared to its average volume of 238,990. The company’s 50 day simple moving average is $2.35 and its two-hundred day simple moving average is $3.40. Treasure Global has a 12 month low of $0.19 and a 12 month high of $58.00. The firm has a market capitalization of $543,490.00, a PE ratio of -0.00 and a beta of 3.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Treasure Global

Treasure Global Inc is a Malaysia-based technology company that develops digital commerce, fintech and mobile payment solutions. The company’s business is designed to connect consumers and merchants through an integrated digital ecosystem that combines payments, promotions, rewards and access to products and services.

Its principal platform, ZCITY, is a mobile application that supports digital payments and provides users with promotional offers, loyalty rewards and other consumer-oriented services.