Global Education Communities (TSE:GEC) Shares Down 3.9% – Here’s Why

Shares of Global Education Communities Corp. (TSE:GEC) fell 3.9% during mid-day trading on Tuesday . The stock traded as low as C$0.36 and last traded at C$0.37. 16,081 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 28,452 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.11 price target on Global Education Communities and gave the stock a “buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$1.11.

Global Education Communities Stock Down 3.9%

The company has a market cap of C$24.97 million, a price-to-earnings ratio of 1.14 and a beta of 1.03. The stock has a fifty day simple moving average of C$0.37.

About Global Education Communities

Global Education Communities is a Canada-based company focused on acquiring, developing and managing purpose-built student housing assets across key markets in Europe. The company seeks high-quality properties positioned near major universities, offering accommodation solutions designed to meet the evolving needs of domestic and international students.

The company’s primary business activities include sourcing and underwriting off-market and on-market transactions, undertaking selective development and renovation projects, and overseeing day-to-day property management.