Garden Stage Limited (NASDAQ:GSIW – Get Free Report) shares dropped 5.7% during trading on Friday . The stock traded as low as $15.59 and last traded at $16.19. 30,309 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 27,597 shares. The stock had previously closed at $17.16.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Garden Stage from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Garden Stage has a consensus rating of “Sell”.
Read Our Latest Analysis on Garden Stage
Garden Stage Price Performance
Garden Stage (NASDAQ:GSIW – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported ($11.69) earnings per share (EPS) for the quarter. The firm had revenue of $1.94 million during the quarter.
Institutional Trading of Garden Stage
A hedge fund recently raised its position in Garden Stage stock. XTX Topco Ltd grew its holdings in Garden Stage Limited (NASDAQ:GSIW – Free Report) by 244.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,052 shares of the company’s stock after purchasing an additional 183,147 shares during the quarter. XTX Topco Ltd owned approximately 0.72% of Garden Stage worth $33,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.47% of the company’s stock.
About Garden Stage
Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.
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