Grande Group (NASDAQ:GRAN) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Grande Group Limited (NASDAQ:GRAN)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $1.15 and traded as high as $1.27. Grande Group shares last traded at $1.19, with a volume of 15,074 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Grande Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Grande Group Stock Up 4.4%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.54 and a current ratio of 0.54. The stock’s fifty day moving average price is $1.15 and its two-hundred day moving average price is $1.54.

Grande Group (NASDAQ:GRAN) last announced its quarterly earnings results on Friday, July 31st. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.76 million during the quarter.

About Grande Group

Headquartered in Hong Kong, we are a holding company incorporated in the British Virgin Islands, and all of our business is carried out by our wholly-owned Operating Subsidiary in Hong Kong, Grande Capital. Grande Capital is a boutique financial firm that focuses on providing quality corporate finance advisory services to clients in Asia. Grande Capital is a licensed corporation under the SFO to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong.