Brera (NASDAQ:SLMT) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Brera (NASDAQ:SLMT) from a strong sell rating to a sell rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brera in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Brera presently has an average rating of “Sell”.

Brera Stock Performance

Shares of Brera stock opened at $4.28 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50. The stock’s fifty day moving average price is $4.77 and its 200-day moving average price is $52.83. Brera has a 12 month low of $3.61 and a 12 month high of $529.50.

Institutional Trading of Brera

Hedge funds have recently bought and sold shares of the stock. Weiss Asset Management LP boosted its position in Brera by 2.6% during the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock valued at $228,000 after acquiring an additional 7,266 shares in the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of Brera in the 4th quarter worth $312,000. PEAK6 LLC bought a new position in shares of Brera in the 4th quarter worth $93,000. Aristides Capital LLC purchased a new stake in shares of Brera during the 4th quarter worth $166,000. Finally, XTX Topco Ltd purchased a new stake in shares of Brera during the 4th quarter worth $161,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Brera Company Profile

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.