Global Engine Group (NASDAQ:GLE) Stock Price Up 4.6% – Here’s Why

Global Engine Group Holding Limited (NASDAQ:GLE)’s share price rose 4.6% on Friday . The stock traded as high as $1.95 and last traded at $1.93. Approximately 141,028 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 55,140 shares. The stock had previously closed at $1.84.

Global Engine Group Stock Up 4.6%

The firm’s fifty day moving average is $1.83 and its two-hundred day moving average is $2.18.

Hedge Funds Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. XTX Topco Ltd acquired a new stake in shares of Global Engine Group Holding Limited (NASDAQ:GLE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 17,767 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned about 0.10% of Global Engine Group as of its most recent SEC filing.

About Global Engine Group

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.