Greenland Energy (NASDAQ:GLND) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Greenland Energy (NASDAQ:GLND) from a sell rating to a strong sell rating in a research report report published on Saturday,Wall Street Zen reports.

Other research analysts have also issued reports about the company. ThinkEquity assumed coverage on Greenland Energy in a research report on Monday, June 15th. They issued a “buy” rating on the stock. Weiss Ratings raised Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Greenland Energy has a consensus rating of “Hold”.

Greenland Energy Price Performance

GLND opened at $2.31 on Friday. The company has a market capitalization of $101.02 million, a PE ratio of -13.59 and a beta of -5.84. The firm’s 50 day moving average is $2.18. Greenland Energy has a one year low of $1.09 and a one year high of $23.00.

Greenland Energy (NASDAQ:GLND) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Wealth LLC acquired a new stake in shares of Greenland Energy during the 2nd quarter worth approximately $33,000. Squarepoint Ops LLC bought a new stake in shares of Greenland Energy during the second quarter worth approximately $41,000. PEAK6 LLC bought a new stake in shares of Greenland Energy during the second quarter worth approximately $143,000. Resolute Advisors LLC acquired a new position in Greenland Energy in the second quarter valued at approximately $163,000. Finally, State Street Corp acquired a new position in Greenland Energy in the second quarter valued at approximately $417,000.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.