Global Engine Group (NASDAQ:GLE) Shares Up 11.8% – Time to Buy?

Global Engine Group Holding Limited (NASDAQ:GLE) rose 11.8% during trading on Monday . The stock traded as high as $1.91 and last traded at $1.70. Approximately 327,654 shares changed hands during trading, an increase of 199% from the average daily volume of 109,623 shares. The stock had previously closed at $1.52.

Global Engine Group Stock Up 11.8%

The company’s fifty day moving average price is $1.97 and its 200-day moving average price is $1.94.

Institutional Trading of Global Engine Group

A hedge fund recently bought a new stake in Global Engine Group stock. XTX Topco Ltd purchased a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 filing with the Securities & Exchange Commission.

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.