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

GCL Global (NASDAQ:GCL) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GCL Global in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

GCL Global Stock Performance

Shares of GCL Global stock opened at $1.15 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The company has a market cap of $140.24 million, a PE ratio of -57.50 and a beta of 0.30. The company has a 50 day moving average of $1.81 and a 200-day moving average of $2.67. GCL Global has a 1-year low of $1.15 and a 1-year high of $9.89.

Hedge Funds Weigh In On GCL Global

Institutional investors have recently added to or reduced their stakes in the stock. ATW Spac Management LLC acquired a new stake in GCL Global in the first quarter valued at approximately $78,000. Geode Capital Management LLC acquired a new position in shares of GCL Global during the second quarter worth $54,000. Two Sigma Investments LP bought a new position in shares of GCL Global in the 3rd quarter valued at $42,000. Finally, Citadel Advisors LLC boosted its holdings in shares of GCL Global by 54.4% during the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after acquiring an additional 19,699 shares in the last quarter. 36.55% of the stock is currently owned by institutional investors and hedge funds.

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.