Treasure Global (NASDAQ:TGL) Shares Up 276.4% – Here’s Why

Treasure Global Inc. (NASDAQ:TGL) rose 276.4% during mid-day trading on Friday . The stock traded as high as $29.39 and last traded at $25.44. Approximately 24,635,627 shares changed hands during mid-day trading, an increase of 1,851% from the average daily volume of 1,262,613 shares. The stock had previously closed at $6.7580.

Analyst Upgrades and Downgrades

TGL has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Treasure Global in a research note on Tuesday. Wall Street Zen upgraded shares of Treasure Global from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Treasure Global has an average rating of “Sell”.

Treasure Global Trading Up 276.4%

The company has a market capitalization of $16.03 million, a price-to-earnings ratio of -0.06 and a beta of 2.86. The stock has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $21.15.

Treasure Global Company Profile

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.