Greenpro Capital (NASDAQ:GRNQ) Announces Quarterly Earnings Results

Greenpro Capital (NASDAQ:GRNQ) released its quarterly earnings data on Friday. The company reported ($0.10) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.41 million for the quarter. Greenpro Capital had a negative return on equity of 51.96% and a negative net margin of 143.85%.

Greenpro Capital Stock Performance

Shares of GRNQ traded down $0.23 during mid-day trading on Friday, reaching $2.03. 10,388 shares of the company’s stock traded hands, compared to its average volume of 15,915. The business’s 50-day moving average price is $2.37 and its 200-day moving average price is $1.93. The stock has a market capitalization of $17.48 million, a P/E ratio of -5.47 and a beta of 1.13. Greenpro Capital has a 12 month low of $0.88 and a 12 month high of $3.18.

Insider Buying and Selling at Greenpro Capital

In other Greenpro Capital news, CEO Chong Kuang Lee purchased 107,310 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of $2.33 per share, with a total value of $250,032.30. Following the completion of the acquisition, the chief executive officer owned 1,846,344 shares in the company, valued at approximately $4,301,981.52. This represents a 6.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.67% of the company’s stock.

Institutional Investors Weigh In On Greenpro Capital

A number of hedge funds have recently made changes to their positions in the business. DRW Securities LLC bought a new stake in shares of Greenpro Capital during the fourth quarter valued at approximately $30,000. Geode Capital Management LLC raised its holdings in shares of Greenpro Capital by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock valued at $143,000 after buying an additional 5,656 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Greenpro Capital during the third quarter valued at approximately $34,000. Institutional investors own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenpro Capital in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.