Great Elm Group (NASDAQ:GEG) Shares Down 0.2% - Here's Why

Key Points

• Great Elm Group's stock price fell by 0.2%, trading at $2.12 with a significant decline in trading volume of about 60% compared to its average.
• The company reported a loss of $0.17 EPS for the last quarter, missing analyst expectations by $0.50 and generating revenue of $3.21 million.
• Great Elm Group has a market capitalization of $59.09 million and a notable debt-to-equity ratio of 0.95, indicating financial leverage.

Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report)'s stock price was down 0.2% on Wednesday . The stock traded as low as $2.12 and last traded at $2.12. Approximately 1,972 shares changed hands during trading, a decline of 60% from the average daily volume of 4,900 shares. The stock had previously closed at $2.12.

Great Elm Group Price Performance

The company has a debt-to-equity ratio of 0.95, a quick ratio of 16.21 and a current ratio of 16.21. The firm has a market cap of $60.21 million, a price-to-earnings ratio of -30.79 and a beta of 0.74. The company's fifty day moving average is $2.13 and its two-hundred day moving average is $1.98.

Great Elm Group (NASDAQ:GEG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.50). Great Elm Group had a negative return on equity of 1.82% and a negative net margin of 6.42%. The firm had revenue of $3.21 million during the quarter.

Great Elm Group Company Profile

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.