Global Engine Group (NASDAQ:GLE) Shares Down 1.6% – Here’s What Happened

Shares of Global Engine Group Holding Limited (NASDAQ:GLE) were down 1.6% on Friday . The company traded as low as $0.4299 and last traded at $0.43. Approximately 27,520 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 79,533 shares. The stock had previously closed at $0.4370.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Engine Group in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Global Engine Group presently has a consensus rating of “Sell”.

Global Engine Group Stock Performance

The firm has a 50-day simple moving average of $0.56 and a two-hundred day simple moving average of $1.15.

Global Engine Group (NASDAQ:GLE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $0.24 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Engine Group stock. XTX Topco Ltd bought a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,767 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.10% of Global Engine Group as of its most recent SEC filing.

Global Engine Group Company Profile

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.