GCL Global (NASDAQ:GCL) Upgraded to "Hold" at Wall Street Zen

Key Points

• GCL Global has been upgraded from a "strong sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for the company.
• Shares of GCL Global opened at $3.90, having fluctuated between a low of $1.76 and a high of $9.89 over the past year.
• An institutional investor, ATW Spac Management LLC, recently acquired 40,000 shares of GCL Global, reflecting growing interest from institutional backers.

Wall Street Zen upgraded shares of GCL Global (NASDAQ:GCL - Free Report) from a strong sell rating to a hold rating in a report issued on Saturday morning.

GCL Global Price Performance

Shares of NASDAQ GCL traded down $0.19 during trading on Friday, hitting $3.72. The company had a trading volume of 11,625 shares, compared to its average volume of 833,588. GCL Global has a 52 week low of $1.76 and a 52 week high of $9.89. The firm has a 50-day moving average of $3.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GCL Global stock. ATW Spac Management LLC acquired a new stake in GCL Global Holdings Ltd. (NASDAQ:GCL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,000 shares of the company's stock, valued at approximately $78,000. GCL Global comprises about 0.1% of ATW Spac Management LLC's portfolio, making the stock its 25th biggest position. 36.55% of the stock is currently owned by hedge funds and other institutional investors.

GCL Global Company Profile

GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market. Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.