GWG Holdings Inc (GWGH) Sets New 1-Year High at $11.56
GWG Holdings Inc (NASDAQ:GWGH)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.56 and last traded at $9.88, with a volume of 67,733 shares changing hands. The stock had previously closed at $7.91.
Several research firms have issued reports on GWGH. Maxim Group began coverage on shares of GWG Holdings in a report on Thursday, July 21st. They set a “buy” rating and a $10.00 price objective on the stock. Zacks Investment Research raised shares of GWG Holdings from a “hold” rating to a “strong-buy” rating and set a $7.50 price objective on the stock in a report on Tuesday, May 3rd.
The firm’s market cap is $60.37 million. The firm has a 50-day moving average of $6.94 and a 200-day moving average of $6.55.
GWG Holdings (NASDAQ:GWGH) last announced its earnings results on Tuesday, August 16th. The company reported $0.85 EPS for the quarter. The business earned $20.80 million during the quarter, compared to analyst estimates of $8.60 million. On average, analysts anticipate that GWG Holdings Inc will post $0.33 EPS for the current year.
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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