Treasure Global (NASDAQ:TGL) Issues Quarterly Earnings Results

Treasure Global (NASDAQ:TGL) posted its quarterly earnings results on Wednesday. The company reported ($2.70) EPS for the quarter, topping analysts’ consensus estimates of ($11,200.00) by $11,197.30, Zacks reports. Treasure Global had a negative return on equity of 97.92% and a negative net margin of 791.30%.The company had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $14.26 million.

Treasure Global Stock Performance

Treasure Global stock opened at $4.07 on Friday. Treasure Global has a 52 week low of $3.40 and a 52 week high of $58.00. The stock has a market capitalization of $6.82 million, a P/E ratio of -0.01 and a beta of 2.90. The stock has a fifty day moving average of $4.03 and a 200-day moving average of $6.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Treasure Global has an average rating of “Sell”.

Hedge Funds Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC bought a new position in Treasure Global Inc. (NASDAQ:TGL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned approximately 1.15% of Treasure Global as of its most recent SEC filing.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.