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Global Engine Group (NASDAQ:GLE) Downgraded to "Sell" Rating by Wall Street Zen

Global Engine Group logo with Computer and Technology background

Key Points

  • Global Engine Group has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen, indicating a shift in market sentiment.
  • The stock is currently trading at $3.02, having fluctuated between a twelve-month low of $1.05 and a high of $5.44.
  • A hedge fund, XTX Topco Ltd, has acquired a new stake in Global Engine Group, purchasing approximately 17,767 shares valued at around $29,000.
  • Five stocks to consider instead of Global Engine Group.
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Global Engine Group (NASDAQ:GLE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Global Engine Group Stock Up 3.1%

Shares of NASDAQ GLE opened at $3.02 on Friday. Global Engine Group has a twelve month low of $1.05 and a twelve month high of $5.44. The stock has a fifty day simple moving average of $2.13 and a 200-day simple moving average of $1.86.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Engine Group stock. XTX Topco Ltd bought a new stake in Global Engine Group Holding Limited (NASDAQ:GLE - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,767 shares of the company's stock, valued at approximately $29,000. XTX Topco Ltd owned 0.10% of Global Engine Group at the end of the most recent quarter.

About Global Engine Group

(Get Free Report)

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.

Further Reading

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