Global Engine Group (NASDAQ:GLE) Rating Lowered to Sell at Wall Street Zen

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.

Wall Street Zen downgraded shares of Global Engine Group (NASDAQ:GLE - Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

Global Engine Group Stock Performance

Shares of GLE stock traded down $1.87 during trading hours on Friday, hitting $1.10. 1,888,671 shares of the company were exchanged, compared to its average volume of 261,397. Global Engine Group has a one year low of $1.00 and a one year high of $5.44. The business's 50-day simple moving average is $2.14 and its two-hundred day simple moving average is $1.86.

Hedge Funds Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. XTX Topco Ltd purchased a new stake in Global Engine Group Holding Limited (NASDAQ:GLE - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,767 shares of the company's stock, valued at approximately $29,000. XTX Topco Ltd owned about 0.10% of Global Engine Group at the end of the most recent quarter.

Global Engine Group Company Profile

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.