GCL Global (NASDAQ:GCL) Rating Lowered to “Strong Sell” at Wall Street Zen

GCL Global (NASDAQ:GCL) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GCL Global in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

GCL Global Stock Down 5.0%

Shares of NASDAQ GCL opened at $1.15 on Friday. The company has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $2.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.19 and a quick ratio of 1.07. GCL Global has a 1 year low of $1.15 and a 1 year high of $9.89. The firm has a market cap of $140.24 million, a PE ratio of -57.50 and a beta of 0.30.

Institutional Trading of GCL Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ATW Spac Management LLC bought a new position in GCL Global during the 1st quarter worth approximately $78,000. Geode Capital Management LLC acquired a new stake in shares of GCL Global during the second quarter worth $54,000. Two Sigma Investments LP bought a new position in GCL Global during the third quarter worth $42,000. Finally, Citadel Advisors LLC lifted its holdings in GCL Global by 54.4% in the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after buying an additional 19,699 shares during the period. Institutional investors and hedge funds own 36.55% of the company’s stock.

GCL Global Company Profile

GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market.

Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.