Bat Group (NASDAQ:GLG) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of Bat Group (NASDAQ:GLG) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Shares of GLG stock opened at $1.78 on Thursday. Bat Group has a 12-month low of $0.28 and a 12-month high of $4.00. The stock’s 50-day moving average price is $1.64 and its 200-day moving average price is $0.80.

Bat Group (NASDAQ:GLG) last issued its earnings results on Thursday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. Bat Group had a negative return on equity of 105.27% and a negative net margin of 231.71%. The firm had revenue of $0.57 million during the quarter.

A hedge fund recently raised its stake in Bat Group stock. Citadel Advisors LLC boosted its stake in shares of Bat Group Inc (NASDAQ:GLG) by 507.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,851 shares of the company’s stock after acquiring an additional 64,208 shares during the quarter. Citadel Advisors LLC owned about 1.07% of Bat Group worth $42,000 as of its most recent SEC filing. 0.24% of the stock is currently owned by institutional investors and hedge funds.

About Bat Group

Bat Group, Inc engages in leasing used cars to individual and corporate customers under the Batcar brand name in Beijing, Tianjin, and Hebei. It also rents cars to other auto rental companies at a discounted rate, as well as provides car pooling services. The company was formerly known as China Bat Group, Inc and changed its name to Bat Group, Inc in June 2019.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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