Global Power Equipment Group Inc (NASDAQ:GLPW) major shareholder Jeffrey L. Et Al Gendell bought 245,282 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average price of $2.47 per share, with a total value of $605,846.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Global Power Equipment Group Inc (GLPW) traded up 40.00% on Thursday, reaching $3.50. 222,390 shares of the company traded hands. The firm’s market capitalization is $62.22 million. The stock has a 50-day moving average price of $2.92 and a 200 day moving average price of $3.63. Global Power Equipment Group Inc has a 1-year low of $1.66 and a 1-year high of $5.40.

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Global Power Equipment Group Company Profile

Global Power Equipment Group Inc is a design, engineering and manufacturing company providing an array of equipment and services to the global power infrastructure, energy and process industries. The Products segment includes two primary product categories: Mechanical Solutions, which designs, engineers and manufactures a portfolio of equipment for utility-scale natural gas turbines, and Electrical Solutions, which provides custom-configured electrical houses and generator enclosures for various industries.

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