GCL Global (NASDAQ:GCL) Cut to Strong Sell at Wall Street Zen

GCL Global (NASDAQ:GCL) was downgraded by investment analysts at Wall Street Zen to a “strong sell” rating in a research report issued on Saturday.

GCL Global Price Performance

Shares of NASDAQ GCL opened at $3.46 on Friday. GCL Global has a fifty-two week low of $1.76 and a fifty-two week high of $9.89. The company has a fifty day moving average of $2.66.

Hedge Funds Weigh In On GCL Global

An institutional investor recently bought a new position in GCL Global stock. ATW Spac Management LLC bought a new stake in GCL Global Holdings Ltd. (NASDAQ:GCL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 40,000 shares of the company’s stock, valued at approximately $78,000. GCL Global comprises approximately 0.1% of ATW Spac Management LLC’s portfolio, making the stock its 25th largest position. Hedge funds and other institutional investors own 36.55% of the company’s stock.

About GCL Global

GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market.

Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.