GCL Global (NASDAQ:GCL) Stock Rating Lowered by Wall Street Zen

GCL Global (NASDAQ:GCL) was downgraded by Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, GCL Global currently has a consensus rating of “Sell”.

GCL Global Stock Performance

GCL opened at $1.15 on Friday. The stock’s 50 day simple moving average is $1.81 and its 200-day simple moving average is $2.67. The company has a current ratio of 1.19, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a market cap of $140.24 million, a PE ratio of -57.50 and a beta of 0.30. GCL Global has a 1 year low of $1.15 and a 1 year high of $9.89.

Hedge Funds Weigh In On GCL Global

Institutional investors have recently bought and sold shares of the business. ATW Spac Management LLC acquired a new stake in shares of GCL Global in the first quarter valued at $78,000. Geode Capital Management LLC bought a new stake in GCL Global during the 2nd quarter worth about $54,000. Two Sigma Investments LP acquired a new stake in GCL Global in the 3rd quarter valued at about $42,000. Finally, Citadel Advisors LLC increased its position in GCL Global by 54.4% in the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after acquiring an additional 19,699 shares in the last quarter. Institutional investors own 36.55% of the company’s stock.

GCL Global Company Profile

GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market.

Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.