StockNews.com assumed coverage on shares of GameStop (NYSE:GME – Get Rating) in a research note released on Thursday. The firm issued a sell rating on the stock.
Separately, Wedbush reduced their price target on GameStop from $6.00 to $5.30 and set an underperform rating on the stock in a research report on Thursday, December 8th.
GameStop Stock Down 1.0 %
GME opened at $16.60 on Thursday. The stock’s 50 day simple moving average is $19.82 and its 200 day simple moving average is $22.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 1.63. GameStop has a 1 year low of $15.41 and a 1 year high of $49.85.
Institutional Investors Weigh In On GameStop
GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology.
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