Shares of TROOPS, Inc. (NASDAQ:TROO – Get Rating) rose 7% during mid-day trading on Tuesday . The stock traded as high as $2.14 and last traded at $2.14. 7,440 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 60,907 shares. The stock had previously closed at $2.00.
TROOPS Stock Performance
The firm has a 50 day simple moving average of $1.72 and a two-hundred day simple moving average of $1.98.
Get TROOPS alerts:Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of TROO. JPMorgan Chase & Co. increased its holdings in shares of TROOPS by 72.4% during the first quarter. JPMorgan Chase & Co. now owns 8,085 shares of the company's stock worth $35,000 after buying an additional 3,396 shares in the last quarter. State Street Corp increased its holdings in TROOPS by 7.8% in the first quarter. State Street Corp now owns 74,207 shares of the company's stock valued at $318,000 after purchasing an additional 5,354 shares during the period. Finally, Invesco Ltd. increased its holdings in TROOPS by 59.0% in the first quarter. Invesco Ltd. now owns 124,637 shares of the company's stock valued at $538,000 after purchasing an additional 46,267 shares during the period. 0.34% of the stock is currently owned by institutional investors and hedge funds.
TROOPS Company Profile
(Get Rating)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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