Global Engine Group (NASDAQ:GLE) Trading 3.1% Higher – Still a Buy?

Global Engine Group Holding Limited (NASDAQ:GLE) shares traded up 3.1% during trading on Monday . The stock traded as high as $0.2920 and last traded at $0.2849. 214,422 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 165,750 shares. The stock had previously closed at $0.2762.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Global Engine Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Global Engine Group Stock Up 3.1%

The firm’s 50-day moving average is $0.39 and its two-hundred day moving average is $0.63.

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

Institutional Trading of Global Engine Group

A hedge fund recently bought a new stake in Global Engine Group stock. Jane Street Group LLC bought a new stake in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned 0.28% of Global Engine Group at the end of the most recent quarter.

About Global Engine Group

Global Engine Group, Inc operates as a specialty distributor in the automotive aftermarket, offering a comprehensive range of new and remanufactured engine blocks, cylinder heads, transmission cases and related components. Through its two principal subsidiaries, MAM Distributors and Brenner Distributing, the company supplies replacement powertrain parts to independent repair shops, national service chains and regional distributors across North America. By centralizing procurement, remanufacturing and distribution processes, Global Engine Group aims to provide consistent quality and rapid fulfillment to its customers.

The company was formed through the combination of Brenner Distributing, known for its remanufacturing capabilities, and MAM Distributors, a large-scale parts distributor.