Great Elm Group (NASDAQ:GEG) Stock Price Breaks Above 50 Day Moving Average – Time to Sell?

Shares of Great Elm Group, Inc. (NASDAQ:GEG) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $2.17 and traded as high as $2.18. Great Elm Group shares last traded at $2.18, with a volume of 1,960 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Great Elm Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Great Elm Group has a consensus rating of “Sell”.

Great Elm Group Price Performance

The company’s 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.14. The company has a debt-to-equity ratio of 1.55, a current ratio of 12.89 and a quick ratio of 12.89. The stock has a market capitalization of $67.45 million, a price-to-earnings ratio of -2.08 and a beta of 0.64.

Great Elm Group (NASDAQ:GEG) last announced its earnings results on Wednesday, November 4th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $3.34 million during the quarter. Great Elm Group had a negative return on equity of 63.44% and a negative net margin of 127.61%.

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.