Great Elm Group (NASDAQ:GEG) Posts Quarterly Earnings Results

Key Points

• Great Elm Group (NASDAQ:GEG) reported a quarterly earnings per share (EPS) of $0.02, with a negative net margin of 6.42% and a negative return on equity of 1.82%.
• The company's stock price increased by $0.15 to close at $2.56, with a market cap of $71.53 million and a price-to-earnings ratio of -36.57.
• Great Elm Group operates in asset management and is involved in credit, real estate, finance, and business development activities.

Great Elm Group (NASDAQ:GEG - Get Free Report) announced its earnings results on Tuesday. The company reported $0.02 earnings per share for the quarter, Zacks reports. The company had revenue of $5.61 million during the quarter. Great Elm Group had a net margin of 79.01% and a negative return on equity of 0.20%.

Great Elm Group Stock Down 8.3%

GEG stock traded down $0.25 on Friday, hitting $2.75. 251,252 shares of the company's stock were exchanged, compared to its average volume of 855,665. The firm has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $2.07. Great Elm Group has a 12-month low of $1.70 and a 12-month high of $3.51. The stock has a market cap of $79.75 million, a P/E ratio of 8.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 16.21 and a current ratio of 14.34.

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.