Global Engine Group (NASDAQ:GLE) Stock Falls 1.5% – Here’s What Happened

Shares of Global Engine Group Holding Limited (NASDAQ:GLE – Get Free Report) were down 1.5% during trading on Monday. The stock traded as low as $0.4330 and last traded at $0.4380. 186,384 shares traded hands during trading, an increase of 37% from the average daily volume of 136,070 shares. The stock had previously closed at $0.4447.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Global Engine Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on GLE

Global Engine Group Price Performance

The company’s 50 day simple moving average is $0.46 and its 200 day simple moving average is $0.43.

About Global Engine Group

(Get Free Report)

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.

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