Chong Chan Teo Acquires 1,170,000 Shares of Treasure Global Inc. (NASDAQ:TGL) Stock

Treasure Global Inc. (NASDAQ:TGLGet Free Report) CEO Chong Chan Teo bought 1,170,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $0.08 per share, with a total value of $93,600.00. Following the completion of the acquisition, the chief executive officer now owns 3,953,516 shares in the company, valued at $316,281.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Treasure Global Stock Performance

Treasure Global stock opened at $0.09 on Wednesday. The company’s fifty day moving average price is $0.10 and its 200 day moving average price is $0.28. Treasure Global Inc. has a 1 year low of $0.08 and a 1 year high of $2.40. The stock has a market capitalization of $5.03 million, a P/E ratio of -0.17 and a beta of -0.61.

Treasure Global (NASDAQ:TGLGet Free Report) last released its quarterly earnings results on Tuesday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. Treasure Global had a negative net margin of 15.13% and a negative return on equity of 615.47%. The firm had revenue of $13.46 million for the quarter, compared to analysts’ expectations of $14.78 million. Sell-side analysts predict that Treasure Global Inc. will post -0.39 EPS for the current year.

Institutional Investors Weigh In On Treasure Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of Treasure Global during the 3rd quarter worth $46,000. Geode Capital Management LLC purchased a new position in shares of Treasure Global during the 1st quarter worth $45,000. Finally, Marshall Wace LLP purchased a new position in shares of Treasure Global during the 3rd quarter worth $68,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

Treasure Global Company Profile

(Get Free Report)

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.

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