Global Power Equipment Group Reaches New 52-Week Low at $14.96 (GLPW)
Global Power Equipment Group (NASDAQ:GLPW) reached a new 52-week low during mid-day trading on Friday , AnalystRatingsNetwork.com reports. The stock traded as low as $14.96 and last traded at $14.98, with a volume of 321,222 shares. The stock had previously closed at $16.47.
A number of analysts have recently weighed in on GLPW shares. Analysts at Zacks upgraded shares of Global Power Equipment Group from an “underperform” rating to a “neutral” rating in a research note on Monday, July 7th. They now have a $17.70 price target on the stock. Separately, analysts at TheStreet downgraded shares of Global Power Equipment Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Finally, analysts at William Blair cut their price target on shares of Global Power Equipment Group from $23.00 to $21.00 in a research note on Monday, May 5th.
The stock’s 50-day moving average is $16.43 and its 200-day moving average is $17.63. The company has a market cap of $259.1 million and a price-to-earnings ratio of 21.70.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, September 10th.
Global Power Equipment Group Inc is a provider of power generation equipment and maintenance services for customers in the domestic and international energy, power infrastructure and service industries.
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