Garden Stage (NASDAQ:GSIW) Releases Quarterly Earnings Results

Garden Stage (NASDAQ:GSIW) announced its quarterly earnings data on Friday. The company reported ($11.69) earnings per share for the quarter, FiscalAI reports. The company had revenue of $1.94 million during the quarter.

Garden Stage Price Performance

GSIW traded down $2.01 on Friday, hitting $21.00. 6,828 shares of the company were exchanged, compared to its average volume of 27,041. The firm has a fifty day simple moving average of $28.29 and a two-hundred day simple moving average of $26.21. Garden Stage has a 12 month low of $8.00 and a 12 month high of $51.28.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Garden Stage from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Garden Stage

A hedge fund recently raised its stake in Garden Stage stock. XTX Topco Ltd grew its position in shares of Garden Stage Limited (NASDAQ:GSIW) by 244.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,052 shares of the company’s stock after acquiring an additional 183,147 shares during the period. XTX Topco Ltd owned about 0.72% of Garden Stage worth $33,000 as of its most recent SEC filing. 0.47% of the stock is currently owned by institutional investors.

Garden Stage Company Profile

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.