GWG Holdings Inc (NASDAQ:GWGH) gapped up prior to trading on Friday . The stock had previously closed at $6.83, but opened at $6.84. GWG Holdings shares last traded at $7.42, with a volume of 19,328 shares trading hands.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered GWG Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Maxim Group assumed coverage on GWG Holdings in a research note on Thursday, July 21st. They issued a “buy” rating and a $10.00 target price for the company.

The firm’s 50 day moving average price is $6.77 and its 200 day moving average price is $6.45. The firm’s market capitalization is $43.36 million.

GWG Holdings, Inc is a specialty finance company. The Company is a financial purchaser of life insurance assets in the secondary market. The Company creates opportunities for consumers owning life insurance to obtain value for their policies as compared to the traditional options offered by insurance companies.

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