BidaskClub upgraded shares of Global Sources Ltd. (NASDAQ:GSOL) from a hold rating to a buy rating in a research report released on Tuesday.

Global Sources (NASDAQ GSOL) opened at 19.80 on Tuesday. Global Sources has a 1-year low of $7.79 and a 1-year high of $21.80. The stock has a market capitalization of $479.60 million, a P/E ratio of 27.12 and a beta of 1.07. The company has a 50-day moving average price of $19.67 and a 200 day moving average price of $14.35.

COPYRIGHT VIOLATION NOTICE: “Global Sources Ltd. (GSOL) Raised to “Buy” at BidaskClub” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/26/global-sources-ltd-gsol-raised-to-buy-at-bidaskclub.html.

A number of institutional investors have recently made changes to their positions in GSOL. Tower Research Capital LLC TRC boosted its position in shares of Global Sources by 104.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,629 shares of the business services provider’s stock worth $133,000 after buying an additional 3,382 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Global Sources during the second quarter worth about $127,000. State Street Corp boosted its position in shares of Global Sources by 28.7% in the second quarter. State Street Corp now owns 148,014 shares of the business services provider’s stock worth $2,962,000 after buying an additional 33,031 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Global Sources by 46.5% in the second quarter. Vanguard Group Inc. now owns 22,410 shares of the business services provider’s stock worth $449,000 after buying an additional 7,112 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Global Sources by 8.9% in the second quarter. Northern Trust Corp now owns 122,961 shares of the business services provider’s stock worth $2,459,000 after buying an additional 10,083 shares during the last quarter. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

Global Sources Company Profile

Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. The Company, together with its subsidiaries, provides services that allow global buyers to identify suppliers and products, and enable suppliers to market their products to a number of buyers.

Receive News & Stock Ratings for Global Sources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Sources Ltd. and related stocks with our FREE daily email newsletter.