GCL Global (NASDAQ:GCL) Earns “Sell (D)” Rating from Weiss Ratings

GCL Global (NASDAQ:GCL)‘s stock had its “sell (d)” rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of GCL Global from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GCL Global has an average rating of “Sell”.

GCL Global Price Performance

Shares of NASDAQ:GCL opened at $2.63 on Wednesday. The firm has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $2.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.19 and a quick ratio of 1.07. GCL Global has a 52 week low of $1.76 and a 52 week high of $9.89.

Institutional Trading of GCL Global

A hedge fund recently bought a new stake in GCL Global stock. ATW Spac Management LLC bought a new position in shares of GCL Global Holdings Ltd. (NASDAQ:GCL) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 biggest position. Institutional investors and hedge funds 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.