GlobalSCAPE (NYSEAMERICAN:GSB) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Friday.

Shares of GlobalSCAPE (GSB) opened at $3.73 on Friday. The company has a market cap of $82.19, a price-to-earnings ratio of 18.65 and a beta of 0.24. GlobalSCAPE has a one year low of $3.34 and a one year high of $5.51.

Hedge funds have recently made changes to their positions in the business. WFG Advisors LP lifted its stake in GlobalSCAPE by 591.3% in the 4th quarter. WFG Advisors LP now owns 2,454 shares of the technology company’s stock worth $178,000 after purchasing an additional 2,099 shares in the last quarter. ZPR Investment Management bought a new stake in shares of GlobalSCAPE in the 2nd quarter worth about $140,000. Hancock Holding Co. increased its holdings in shares of GlobalSCAPE by 17.9% in the 2nd quarter. Hancock Holding Co. now owns 29,997 shares of the technology company’s stock worth $111,000 after buying an additional 4,547 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of GlobalSCAPE in the 3rd quarter worth about $181,000. Finally, Spark Investment Management LLC increased its holdings in shares of GlobalSCAPE by 16.9% in the 2nd quarter. Spark Investment Management LLC now owns 78,800 shares of the technology company’s stock worth $416,000 after buying an additional 11,400 shares during the last quarter.

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GlobalSCAPE Company Profile

GlobalSCAPE, Inc provides secure information exchange capabilities for enterprises and consumers through the development and distribution of software, delivery of managed and hosted solutions, and provisioning of associated services. The Company’s primary product is Enhance File Transfer (EFT). Its software products and services include Managed File Transfer Solutions (MFT), Secure Content Mobility Solutions, Wide Area File Services (WAFS), Managed E-Mail Attachment Solution, Consumer-Based File Transfer Solution and professional services.

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