Great Elm Group (NASDAQ:GEG) Trading 2.1% Higher - Time to Buy?

Key Points

• Great Elm Group's shares traded up 2.1% to $2.47, with a significant trading volume increase of 151%, compared to its average session volume.
• Wall Street analysts maintain a strong outlook for Great Elm Group, with Weiss Ratings reiterating a "buy (b-)" rating, contributing to an average rating of "Buy" for the stock.
• The company posted $0.02 EPS and $5.61 million in revenue in its latest earnings report, highlighting a 79.01% net margin despite a negative return on equity.

Shares of Great Elm Group, Inc. (NASDAQ:GEG - Get Free Report) traded up 2.1% during mid-day trading on Monday . The stock traded as high as $2.56 and last traded at $2.47. 258,883 shares were traded during mid-day trading, an increase of 151% from the average session volume of 103,067 shares. The stock had previously closed at $2.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "buy (b-)" rating on shares of Great Elm Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy".

Great Elm Group Trading Up 2.1%

The company has a 50 day moving average of $2.49 and a 200 day moving average of $2.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 14.34 and a current ratio of 14.34. The stock has a market capitalization of $71.63 million, a price-to-earnings ratio of 7.72 and a beta of 0.77.

Great Elm Group (NASDAQ:GEG - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported $0.02 EPS for the quarter. The business 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%.

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.

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