Global Engine Group (NASDAQ:GLE) Stock Price Down 1.6% – Time to Sell?

Global Engine Group Holding Limited (NASDAQ:GLE) shares were down 1.6% on Friday . The stock traded as low as $0.4299 and last traded at $0.43. Approximately 27,520 shares changed hands during trading, a decline of 65% from the average daily volume of 79,533 shares. The stock had previously closed at $0.4370.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Engine Group in a research note on Monday, December 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Global Engine Group Stock Performance

The stock’s 50 day moving average price is $0.56 and its two-hundred day moving average price is $1.13.

Global Engine Group (NASDAQ:GLE) last announced its 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. XTX Topco Ltd acquired a new stake in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,767 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned 0.10% of Global Engine Group as of its most recent filing with the Securities & Exchange Commission.

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.