Garden Stage (NASDAQ:GSIW) Stock Falls 3.8% – Here’s Why

Garden Stage Limited (NASDAQ:GSIW) was down 3.8% during mid-day trading on Friday. The company traded as low as $14.04 and last traded at $14.07. Approximately 7,397 shares changed hands during trading, a decline of 87% from the average session volume of 56,998 shares. The stock had previously closed at $14.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Garden Stage from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Garden Stage presently has a consensus rating of “Sell”.

Garden Stage Stock Down 3.8%

The business has a 50 day simple moving average of $17.68 and a 200-day simple moving average of $23.19.

Garden Stage (NASDAQ:GSIW) last announced its quarterly earnings results on Friday, July 31st. The company reported ($11.69) earnings per share (EPS) for the quarter. The business had revenue of $1.94 million during the quarter.

About Garden Stage

Garden Stage Limited (NASDAQ:GSIW) is a Hong Kong-based financial services company that provides services to corporate and individual clients through its subsidiaries. The company operates as a financial services group focused on securities-related activities and corporate finance.

Its services include securities brokerage and trading, corporate finance advisory, underwriting and placement services, and asset management. Garden Stage serves clients primarily in Hong Kong and operates within the regulatory framework overseen by Hong Kong’s Securities and Futures Commission.

Garden Stage Limited is incorporated in the Cayman Islands, while its principal operating activities are conducted in Hong Kong.