Global Engine Group (NASDAQ:GLE) Posts Earnings Results

Global Engine Group (NASDAQ:GLE) posted its earnings results on Monday. The company reported ($0.02) EPS for the quarter, FiscalAI reports. The company had revenue of $0.45 million during the quarter.

Global Engine Group Stock Performance

Shares of GLE stock opened at $0.46 on Wednesday. Global Engine Group has a 1 year low of $0.25 and a 1 year high of $3.89. The stock’s 50 day simple moving average is $0.41 and its two-hundred day simple moving average is $0.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Global Engine Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Global Engine Group presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC acquired a new stake in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned 0.28% of Global Engine Group at the end of the most recent reporting period.

Global Engine Group Company Profile

Global Engine Group, Inc operates as a specialty distributor in the automotive aftermarket, offering a comprehensive range of new and remanufactured engine blocks, cylinder heads, transmission cases and related components. Through its two principal subsidiaries, MAM Distributors and Brenner Distributing, the company supplies replacement powertrain parts to independent repair shops, national service chains and regional distributors across North America. By centralizing procurement, remanufacturing and distribution processes, Global Engine Group aims to provide consistent quality and rapid fulfillment to its customers.

The company was formed through the combination of Brenner Distributing, known for its remanufacturing capabilities, and MAM Distributors, a large-scale parts distributor.