GWG Holdings Inc (NASDAQ:GWGH)’s share price gapped up before the market opened 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.

GWGH has been the subject of several recent analyst reports. Zacks Investment Research cut GWG Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Maxim Group initiated coverage on GWG Holdings in a research note on Thursday, July 21st. They set a “buy” rating and a $10.00 target price for the company.

The firm’s market capitalization is $43.36 million. The company has a 50 day moving average of $6.77 and a 200-day moving average of $6.45.

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.