Greenpro Capital (NASDAQ:GRNQ) Posts Quarterly Earnings Results

Greenpro Capital (NASDAQ:GRNQ) posted its quarterly earnings results on Friday. The company reported ($0.10) earnings per share for the quarter, FiscalAI reports. The company had revenue of $0.41 million for the quarter. Greenpro Capital had a negative return on equity of 51.96% and a negative net margin of 143.85%.

Greenpro Capital Trading Down 10.0%

GRNQ stock opened at $2.03 on Friday. The firm has a market capitalization of $17.48 million, a PE ratio of -5.19 and a beta of 1.13. Greenpro Capital has a 1-year low of $0.88 and a 1-year high of $3.18. The business’s 50 day simple moving average is $2.37 and its 200 day simple moving average is $1.93.

Insider Buying and Selling at Greenpro Capital

In other Greenpro Capital news, CEO Chong Kuang Lee bought 107,310 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average cost of $2.33 per share, with a total value of $250,032.30. Following the acquisition, the chief executive officer owned 1,846,344 shares of the company’s stock, valued at $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 own 39.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. DRW Securities LLC acquired a new position in shares of Greenpro Capital during the 4th quarter worth approximately $30,000. Susquehanna International Group LLP acquired a new position in shares of Greenpro Capital during the 3rd quarter worth approximately $34,000. Finally, Geode Capital Management LLC increased its holdings in shares of Greenpro Capital by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares during the last quarter. 0.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Greenpro Capital

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.