GCL Global (NASDAQ:GCL) Trading Up 3.3% – Should You Buy?

Shares of GCL Global Holdings Ltd. (NASDAQ:GCL) shot up 3.3% during trading on Wednesday . The company traded as high as $0.4890 and last traded at $0.4660. Approximately 18,823 shares traded hands during trading, a decline of 87% from the average daily volume of 141,994 shares. The stock had previously closed at $0.4510.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GCL Global in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, GCL Global currently has a consensus rating of “Sell”.

GCL Global Stock Up 3.3%

The company’s fifty day moving average price is $0.49 and its 200-day moving average price is $0.70. The stock has a market capitalization of $56.83 million, a PE ratio of -23.30 and a beta of 0.37.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd boosted its holdings in GCL Global by 361.2% in the fourth quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock worth $52,000 after acquiring an additional 38,127 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of GCL Global by 54.4% in the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after acquiring an additional 19,699 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of GCL Global during the third quarter valued at $42,000. Finally, Geode Capital Management LLC bought a new position in shares of GCL Global during the second quarter valued at $54,000. Hedge funds and other institutional investors own 36.55% of the company’s stock.

About GCL Global

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.