Waton Financial (NASDAQ:WTF) Trading Down 2.2% – Time to Sell?

Shares of Waton Financial Limited (NASDAQ:WTF) dropped 2.2% on Monday . The stock traded as low as $2.66 and last traded at $2.9150. 3,191 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 4,715 shares. The stock had previously closed at $2.98.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Waton Financial in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Waton Financial presently has an average rating of “Sell”.

Waton Financial Stock Performance

The firm’s 50 day moving average price is $2.84 and its 200 day moving average price is $3.42.

Waton Financial (NASDAQ:WTF) last posted its earnings results on Friday, July 31st. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $2.49 million for the quarter.

Institutional Investors Weigh In On Waton Financial

A hedge fund recently bought a new stake in Waton Financial stock. Boothbay Fund Management LLC bought a new stake in shares of Waton Financial Limited (NASDAQ:WTF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 88,713 shares of the company’s stock, valued at approximately $293,000. Boothbay Fund Management LLC owned 0.19% of Waton Financial as of its most recent filing with the Securities and Exchange Commission (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.