GWG (NASDAQ:GWGH) Downgraded to Hold at ValuEngine
NASDAQ GWGH traded up $0.29 during trading hours on Thursday, reaching $9.79. 5,338 shares of the stock traded hands, compared to its average volume of 2,975. The stock has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $9.70. GWG has a 1 year low of $6.10 and a 1 year high of $17.50. The company has a debt-to-equity ratio of 61.52, a current ratio of 35.86 and a quick ratio of 35.86. The company has a market cap of $313.82 million, a price-to-earnings ratio of -0.57 and a beta of 0.11.
GWG (NASDAQ:GWGH) last posted its earnings results on Thursday, November 14th. The financial services provider reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.45). The company had revenue of $22.21 million during the quarter. On average, sell-side analysts forecast that GWG will post -0.89 EPS for the current fiscal year.
GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.
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