Greenland Energy (NASDAQ:GLND) Stock Gets Downgrade from Wall Street Zen

Greenland Energy (NASDAQ:GLND – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. ThinkEquity began coverage on shares of Greenland Energy in a research note on Monday, June 15th. They issued a “buy” rating for the company. Weiss Ratings upgraded Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Greenland Energy has an average rating of “Hold”.

View Our Latest Stock Report on GLND

Greenland Energy Price Performance

NASDAQ GLND opened at $2.51 on Friday. The company’s fifty day moving average price is $2.18. The company has a market cap of $109.76 million, a PE ratio of -14.76 and a beta of -5.84. Greenland Energy has a 1-year low of $1.09 and a 1-year high of $23.00.

Greenland Energy (NASDAQ:GLND – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Institutional Trading of Greenland Energy

A number of institutional investors have recently bought and sold shares of the stock. NewEdge Wealth LLC purchased a new stake in shares of Greenland Energy in the second quarter worth approximately $33,000. Squarepoint Ops LLC purchased a new stake in shares of Greenland Energy during the second quarter valued at $41,000. PEAK6 LLC purchased a new stake in shares of Greenland Energy during the second quarter valued at $143,000. Resolute Advisors LLC bought a new position in shares of Greenland Energy in the second quarter worth about $163,000. Finally, State Street Corp bought a new position in shares of Greenland Energy in the second quarter worth about $417,000.

About Greenland Energy

(Get Free Report)

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.

Further Reading

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