Great Elm Group (NASDAQ:GEG) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Great Elm Group, Inc. (NASDAQ:GEG) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $2.17 and traded as high as $2.18. Great Elm Group shares last traded at $2.18, with a volume of 1,960 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Great Elm Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Great Elm Group Stock Up 1.4%

The firm has a market capitalization of $67.45 million, a PE ratio of -2.08 and a beta of 0.64. The firm’s 50 day moving average price is $2.17 and its two-hundred day moving average price is $2.14. The company has a quick ratio of 12.89, a current ratio of 12.89 and a debt-to-equity ratio of 1.55.

Great Elm Group (NASDAQ:GEG) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $3.34 million during the quarter. Great Elm Group had a negative net margin of 127.61% and a negative return on equity of 63.44%.

Great Elm Group Company Profile

Great Elm Group, Inc (NASDAQ: GEG) is a diversified holding company focused on asset management, specialty finance and related investment activities. Through its subsidiaries and affiliated businesses, the company seeks to invest in and manage a range of financial assets and operating businesses.

One of Great Elm Group’s principal activities is alternative asset management. Its investment-management operations have been associated with investment vehicles that pursue credit and other opportunistic strategies, including Great Elm Capital Corp., a business development company.