Great Elm Group (NASDAQ:GEG) Trading 0.8% Higher – What’s Next?

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price traded up 0.8% during trading on Thursday . The company traded as high as $2.52 and last traded at $2.50. 5,270 shares were traded during mid-day trading, a decline of 85% from the average session volume of 35,200 shares. The stock had previously closed at $2.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Great Elm Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Great Elm Group Stock Up 0.8%

The business’s 50 day moving average price is $2.59 and its 200-day moving average price is $2.26. The firm has a market capitalization of $83.38 million, a PE ratio of 7.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.76, a quick ratio of 14.34 and a current ratio of 14.34.

Great Elm Group (NASDAQ:GEG) last announced its earnings results on Tuesday, September 2nd. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $5.61 million for the quarter. Great Elm Group had a negative return on equity of 0.20% and a net margin of 79.01%.

About Great Elm Group

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.