Great Elm Group (NASDAQ:GEG – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, FiscalAI reports. The business had revenue of $3.34 million for the quarter. Great Elm Group had a negative return on equity of 63.44% and a negative net margin of 127.61%.
Great Elm Group Stock Performance
NASDAQ:GEG traded up $0.00 during mid-day trading on Thursday, hitting $2.20. 1,781 shares of the stock were exchanged, compared to its average volume of 16,730. The firm’s 50-day simple moving average is $2.17 and its 200 day simple moving average is $2.14. The stock has a market capitalization of $68.19 million, a price-to-earnings ratio of -1.92 and a beta of 0.64. The company has a debt-to-equity ratio of 1.55, a quick ratio of 12.89 and a current ratio of 12.89. Great Elm Group has a fifty-two week low of $1.80 and a fifty-two week high of $2.83.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Great Elm Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Great Elm Group presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Great Elm Group
About Great Elm Group
Great Elm Group, Inc (NASDAQ: GEG) is a diversified holding company focused on asset management, specialty finance and related investment activities. Through its subsidiaries and affiliated businesses, the company seeks to invest in and manage a range of financial assets and operating businesses.
One of Great Elm Group’s principal activities is alternative asset management. Its investment-management operations have been associated with investment vehicles that pursue credit and other opportunistic strategies, including Great Elm Capital Corp., a business development company.
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