Global Sources Ltd. (NASDAQ:GSOL) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Global Sources (GSOL) opened at 19.80 on Tuesday. Global Sources has a 52-week low of $7.79 and a 52-week high of $21.80. The stock’s 50 day moving average is $19.67 and its 200 day moving average is $14.23. The company has a market cap of $479.60 million, a price-to-earnings ratio of 27.12 and a beta of 1.07.

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Institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of Global Sources by 28.7% in the second quarter. State Street Corp now owns 148,014 shares of the business services provider’s stock worth $2,962,000 after buying an additional 33,031 shares during the period. Northern Trust Corp increased its position in shares of Global Sources by 8.9% in the second quarter. Northern Trust Corp now owns 122,961 shares of the business services provider’s stock worth $2,459,000 after buying an additional 10,083 shares during the period. Quinn Opportunity Partners LLC bought a new position in shares of Global Sources during the second quarter worth about $770,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Global Sources by 48.3% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 36,835 shares of the business services provider’s stock worth $737,000 after buying an additional 12,000 shares during the period. Finally, Kassirer Asset Management Corp bought a new position in shares of Global Sources during the second quarter worth about $614,000. Institutional investors own 12.15% of the company’s stock.

About Global Sources

Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. The Company, together with its subsidiaries, provides services that allow global buyers to identify suppliers and products, and enable suppliers to market their products to a number of buyers.

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