Global Engine Group (NASDAQ:GLE) Stock Price Up 3.1% – Here’s What Happened

Shares of Global Engine Group Holding Limited (NASDAQ:GLE) traded up 3.1% during trading on Monday . The stock traded as high as $0.2920 and last traded at $0.2849. 214,422 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 165,750 shares. The stock had previously closed at $0.2762.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Global Engine Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Global Engine Group Trading Up 3.1%

The company has a 50-day moving average of $0.39 and a 200 day moving average of $0.63.

Global Engine Group (NASDAQ:GLE) last released its quarterly earnings data on Tuesday, October 21st. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $0.24 million during the quarter.

Hedge Funds Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC acquired a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned approximately 0.28% of Global Engine Group at the end of the most recent quarter.

Global Engine Group Company Profile

Global Engine Group, Inc operates as a specialty distributor in the automotive aftermarket, offering a comprehensive range of new and remanufactured engine blocks, cylinder heads, transmission cases and related components. Through its two principal subsidiaries, MAM Distributors and Brenner Distributing, the company supplies replacement powertrain parts to independent repair shops, national service chains and regional distributors across North America. By centralizing procurement, remanufacturing and distribution processes, Global Engine Group aims to provide consistent quality and rapid fulfillment to its customers.

The company was formed through the combination of Brenner Distributing, known for its remanufacturing capabilities, and MAM Distributors, a large-scale parts distributor.