GWG Holdings Inc (NASDAQ:GWGH) hit a new 52-week high during trading on Thursday . The stock traded as high as $11.56 and last traded at $9.88, with a volume of 67,733 shares traded. The stock had previously closed at $7.91.

GWGH has been the topic of several research analyst reports. Zacks Investment Research raised GWG Holdings from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, April 26th. Maxim Group initiated coverage on GWG Holdings in a research note on Thursday, July 21st. They set a “buy” rating and a $10.00 price target on the stock.

The company has a 50 day moving average of $7.00 and a 200 day moving average of $6.58. The stock’s market cap is $54.09 million.

GWG Holdings (NASDAQ:GWGH) last released its quarterly earnings data on Tuesday, August 16th. The company reported $0.85 earnings per share for the quarter. The business had revenue of $20.80 million for the quarter, compared to analyst estimates of $8.60 million. On average, equities research analysts expect that GWG Holdings Inc will post $0.33 earnings per share for the current fiscal 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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