Great Elm Group (NASDAQ:GEG) Releases Quarterly Earnings Results

Great Elm Group (NASDAQ:GEG) announced its quarterly earnings data on Wednesday. The company reported ($0.24) earnings per share (EPS) for the quarter, FiscalAI reports. Great Elm Group had a net margin of 79.01% and a negative return on equity of 0.20%. The company had revenue of $10.79 million during the quarter.

Great Elm Group Stock Performance

GEG stock remained flat at $2.45 during trading on Wednesday. The company had a trading volume of 6,125 shares, compared to its average volume of 102,852. The stock has a market capitalization of $81.71 million, a P/E ratio of 7.66 and a beta of 0.72. The firm’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.29. The company has a current ratio of 14.34, a quick ratio of 14.34 and a debt-to-equity ratio of 0.76. Great Elm Group has a twelve month low of $1.70 and a twelve month high of $3.51.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Great Elm Group in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

About Great Elm Group

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.