Greenland Energy (NASDAQ:GLND) Stock Moved Down to “Strong Sell” by Wall Street Zen

Wall Street Zen lowered shares of Greenland Energy (NASDAQ:GLND) from a sell rating to a strong sell rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Greenland Energy Price Performance

Shares of GLND opened at $3.09 on Friday. The business’s 50-day moving average is $2.58. The stock has a market cap of $135.13 million, a PE ratio of -18.18 and a beta of -5.84. Greenland Energy has a 52-week low of $1.09 and a 52-week high of $23.00.

Greenland Energy (NASDAQ:GLND) last posted its earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.

Hedge Funds Weigh In On Greenland Energy

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp bought a new stake in shares of Greenland Energy during the 2nd quarter valued at about $417,000. Resolute Advisors LLC purchased a new position in shares of Greenland Energy during the second quarter worth about $163,000. PEAK6 LLC purchased a new position in shares of Greenland Energy during the second quarter worth about $143,000. Squarepoint Ops LLC purchased a new position in shares of Greenland Energy during the second quarter worth about $41,000. Finally, NewEdge Wealth LLC bought a new position in shares of Greenland Energy in the second quarter worth approximately $33,000.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.