Global Engine Group (NASDAQ:GLE) Stock Price Down 0.6% – Should You Sell?

Global Engine Group Holding Limited (NASDAQ:GLE) shares were down 0.6% during trading on Friday . The company traded as low as $0.3683 and last traded at $0.3844. Approximately 23,721 shares traded hands during trading, a decline of 91% from the average daily volume of 277,873 shares. The stock had previously closed at $0.3869.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Global Engine Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Global Engine Group Stock Performance

The company has a 50-day moving average of $0.44 and a two-hundred day moving average of $0.89.

Global Engine Group (NASDAQ:GLE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported ($0.13) EPS for the quarter. The business had revenue of $0.24 million during the quarter.

Hedge Funds Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC acquired a new stake in shares of Global Engine Group Holding Limited (NASDAQ:GLE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned 0.28% of Global Engine Group as of its most recent SEC filing.

Global Engine Group Company Profile

Global Engine Group, Inc operates as a specialty distributor in the automotive aftermarket, offering a comprehensive range of new and remanufactured engine blocks, cylinder heads, transmission cases and related components. Through its two principal subsidiaries, MAM Distributors and Brenner Distributing, the company supplies replacement powertrain parts to independent repair shops, national service chains and regional distributors across North America. By centralizing procurement, remanufacturing and distribution processes, Global Engine Group aims to provide consistent quality and rapid fulfillment to its customers.

The company was formed through the combination of Brenner Distributing, known for its remanufacturing capabilities, and MAM Distributors, a large-scale parts distributor.