Global Engine Group (NASDAQ:GLE) Trading Down 0.6% – Here’s Why

Global Engine Group Holding Limited (NASDAQ:GLE) shares fell 0.6% on Tuesday . The company traded as low as $0.73 and last traded at $0.75. 359,625 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,910,965 shares. The stock had previously closed at $0.75.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Global Engine Group from a “hold” rating to a “sell” rating in a report on Saturday, July 26th.

Global Engine Group Price Performance

The company’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.70.

Institutional Investors Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. XTX Topco Ltd purchased a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 SEC filing.

Global Engine Group Company Profile

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.