Great Elm Group (NASDAQ:GEG) Announces Quarterly Earnings Results

Great Elm Group (NASDAQ:GEG) posted its quarterly earnings data on Wednesday. The company reported ($0.24) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $10.79 million for the quarter. Great Elm Group had a net margin of 79.01% and a negative return on equity of 0.20%.

Great Elm Group Stock Performance

Shares of NASDAQ:GEG traded down $0.05 during midday trading on Friday, hitting $2.42. The company had a trading volume of 98,249 shares, compared to its average volume of 102,609. The company has a debt-to-equity ratio of 0.76, a current ratio of 14.34 and a quick ratio of 14.34. The company has a fifty day moving average of $2.57 and a two-hundred day moving average of $2.29. The company has a market cap of $80.70 million, a price-to-earnings ratio of 7.56 and a beta of 0.72. Great Elm Group has a 12-month low of $1.72 and a 12-month high of $3.51.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Great Elm Group in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.