GWG (NASDAQ:GWGH) Stock Passes Below 50 Day Moving Average of $9.77

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GWG Holdings Inc (NASDAQ:GWGH) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.77 and traded as low as $8.59. GWG shares last traded at $8.59, with a volume of 92 shares trading hands.

Separately, ValuEngine lowered shares of GWG from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

The firm has a market capitalization of $289.04 million, a P/E ratio of -1.06 and a beta of 0.14. The business’s 50-day moving average is $9.67 and its 200 day moving average is $10.69. The company has a debt-to-equity ratio of 61.52, a current ratio of 29.78 and a quick ratio of 29.78.

GWG (NASDAQ:GWGH) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported ($0.57) EPS for the quarter. The company had revenue of $25.22 million for the quarter. Analysts anticipate that GWG Holdings Inc will post -0.89 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC increased its position in GWG by 24.0% during the second quarter. Moloney Securities Asset Management LLC now owns 18,830 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 3,650 shares during the period. BlackRock Inc. increased its position in GWG by 20,940.5% during the second quarter. BlackRock Inc. now owns 100,153 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 99,677 shares during the period. Finally, Vanguard Group Inc. increased its position in GWG by 206.1% during the second quarter. Vanguard Group Inc. now owns 190,176 shares of the financial services provider’s stock worth $1,358,000 after acquiring an additional 128,054 shares during the period. 1.17% of the stock is currently owned by institutional investors and hedge funds.

GWG Company Profile (NASDAQ:GWGH)

GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.

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