Great Elm Group (NASDAQ:GEG) Share Price Breaks Above Fifty Day Moving Average – Time to Sell?

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $2.17 and traded as high as $2.18. Great Elm Group shares last traded at $2.18, with a volume of 1,960 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings cut Great Elm Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Great Elm Group presently has an average rating of “Sell”.

Great Elm Group Price Performance

The stock has a market cap of $67.25 million, a price-to-earnings ratio of -2.08 and a beta of 0.64. The company has a debt-to-equity ratio of 1.55, a current ratio of 12.89 and a quick ratio of 12.89. The business’s 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $2.14.

Great Elm Group (NASDAQ:GEG) last issued its earnings results on Wednesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter. Great Elm Group had a negative return on equity of 69.60% and a negative net margin of 160.19%. The firm had revenue of $3.34 million during the quarter.

About Great Elm Group

Great Elm Group, Inc (NASDAQ: GEG) is a diversified holding company focused on asset management, specialty finance and related investment activities. Through its subsidiaries and affiliated businesses, the company seeks to invest in and manage a range of financial assets and operating businesses.

One of Great Elm Group’s principal activities is alternative asset management. Its investment-management operations have been associated with investment vehicles that pursue credit and other opportunistic strategies, including Great Elm Capital Corp., a business development company.