Masonglory (NASDAQ:MSGY) Trading Down 9.2% – Here’s Why

Shares of Masonglory Limited (NASDAQ:MSGY) were down 9.2% during trading on Friday . The company traded as low as $0.3806 and last traded at $0.39. Approximately 67,346 shares changed hands during trading, a decline of 39% from the average daily volume of 110,281 shares. The stock had previously closed at $0.4297.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Masonglory in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Masonglory has an average rating of “Sell”.

Masonglory Trading Down 9.2%

The firm’s fifty day moving average is $0.49 and its 200 day moving average is $1.00.

Institutional Investors Weigh In On Masonglory

An institutional investor recently raised its stake in Masonglory stock. Quadrature Capital Ltd grew its stake in shares of Masonglory Limited (NASDAQ:MSGY) by 501.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,209 shares of the company’s stock after acquiring an additional 159,428 shares during the period. Quadrature Capital Ltd owned 1.34% of Masonglory worth $507,000 as of its most recent SEC filing.

About Masonglory

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.