Great Elm Group (NASDAQ:GEG) Shares Down 0.2% – Here’s What Happened

Great Elm Group, Inc. (NASDAQ:GEG)’s stock price dropped 0.2% during trading on Wednesday . The stock traded as low as $2.12 and last traded at $2.12. Approximately 1,972 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 4,900 shares. The stock had previously closed at $2.12.

Great Elm Group Trading Down 0.2%

The company’s 50 day simple moving average is $2.13 and its 200 day simple moving average is $1.97. The firm has a market cap of $59.09 million, a price-to-earnings ratio of -30.21 and a beta of 0.76. The company has a debt-to-equity ratio of 0.95, a current ratio of 16.21 and a quick ratio of 16.21.

Great Elm Group (NASDAQ:GEG) last issued its earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.50). The firm had revenue of $3.21 million for the quarter. Great Elm Group had a negative return on equity of 1.82% and a negative net margin of 6.42%.

About Great Elm Group

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.