Global Engine Group (NASDAQ:GLE) Issues Quarterly Earnings Results

Global Engine Group (NASDAQ:GLE) posted its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.45 million for the quarter.

Global Engine Group Price Performance

Shares of Global Engine Group stock traded up $0.08 during mid-day trading on Monday, hitting $0.52. 961,720 shares of the stock were exchanged, compared to its average volume of 2,493,124. Global Engine Group has a twelve month low of $0.25 and a twelve month high of $3.89. The company has a 50-day simple moving average of $0.40 and a 200 day simple moving average of $0.41.

Institutional Investors Weigh In On Global Engine Group

A hedge fund recently bought a new stake in Global Engine Group stock. Jane Street Group LLC bought a new position in Global Engine Group Holding Limited (NASDAQ:GLE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned about 0.28% of Global Engine Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Global Engine Group in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Global Engine Group

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.