Global Engine Group (NASDAQ:GLE) Posts Quarterly Earnings Results

Global Engine Group (NASDAQ:GLE) announced its quarterly earnings results on Thursday. The company reported ($0.35) earnings per share for the quarter, reports. The firm had revenue of $0.95 million during the quarter.

Global Engine Group Stock Down 7.7%

Shares of GLE stock traded down $0.19 during trading hours on Thursday, reaching $2.28. The stock had a trading volume of 7,773 shares, compared to its average volume of 40,459. Global Engine Group has a twelve month low of $1.42 and a twelve month high of $10.90. The firm has a 50-day simple moving average of $4.53 and a 200-day simple moving average of $4.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Global Engine Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Global Engine Group

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.