Waton Financial (NASDAQ:WTF) Trading Down 1.5% – What’s Next?

Waton Financial Limited (NASDAQ:WTF) shares were down 1.5% during trading on Monday . The company traded as low as $2.60 and last traded at $2.66. Approximately 4,761 shares traded hands during trading, an increase of 3% from the average daily volume of 4,621 shares. The stock had previously closed at $2.70.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Waton Financial in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Waton Financial Stock Performance

The business’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.33.

Waton Financial (NASDAQ:WTF) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.07) EPS for the quarter. The firm had revenue of $2.49 million for the quarter.

Institutional Investors Weigh In On Waton Financial

An institutional investor recently bought a new position in Waton Financial stock. Boothbay Fund Management LLC acquired a new stake in shares of Waton Financial Limited (NASDAQ:WTF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 88,713 shares of the company’s stock, valued at approximately $293,000. Boothbay Fund Management LLC owned about 0.19% of Waton Financial as of its most recent filing with the SEC.

Waton Financial Company Profile

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions. The company was founded on June 25, 2010 and is headquartered in Hong Kong.