TROOPS (NASDAQ:TROO) Trading 1.2% Higher

Shares of TROOPS, Inc. (NASDAQ:TROOGet Rating) traded up 1.2% during mid-day trading on Thursday . The stock traded as high as $2.23 and last traded at $2.16. 1,751 shares traded hands during trading, a decline of 98% from the average session volume of 99,050 shares. The stock had previously closed at $2.13.

The firm has a fifty day moving average of $2.74 and a 200-day moving average of $3.81.

Several institutional investors and hedge funds have recently modified their holdings of TROO. JPMorgan Chase & Co. lifted its stake in shares of TROOPS by 72.4% in the first quarter. JPMorgan Chase & Co. now owns 8,085 shares of the company’s stock worth $35,000 after acquiring an additional 3,396 shares in the last quarter. State Street Corp grew its holdings in TROOPS by 7.8% in the 1st quarter. State Street Corp now owns 74,207 shares of the company’s stock worth $318,000 after buying an additional 5,354 shares in the last quarter. Finally, Invesco Ltd. lifted its position in TROOPS by 59.0% in the first quarter. Invesco Ltd. now owns 124,637 shares of the company’s stock worth $538,000 after purchasing an additional 46,267 shares during the period. Institutional investors own 0.33% of the company’s stock.

About TROOPS (NASDAQ:TROO)

TROOPS, Inc, together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans. It also develops, operates, and manages an online financial marketplace that connects financial institutions and users through its mobile application, which offers financial technology solutions, including application programming interface (API) services.

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