Great Elm Group (NASDAQ:GEG) Releases Earnings Results

Great Elm Group (NASDAQ:GEG) posted its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $3.34 million during the quarter. Great Elm Group had a negative net margin of 160.19% and a negative return on equity of 69.60%.

Great Elm Group Stock Up 1.4%

Shares of GEG stock traded up $0.03 during trading hours on Friday, reaching $2.18. The company had a trading volume of 1,960 shares, compared to its average volume of 16,672. Great Elm Group has a 12 month low of $1.80 and a 12 month high of $2.83. 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 business has a fifty day simple moving average of $2.17 and a 200-day simple moving average of $2.14. The company has a market cap of $67.45 million, a price-to-earnings ratio of -2.08 and a beta of 0.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of 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 currently has an average rating of “Sell”.

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.