GCL Global (NASDAQ:GCL) Trading Up 3.3% – Should You Buy?

Shares of GCL Global Holdings Ltd. (NASDAQ:GCL) rose 3.3% on Wednesday . The company traded as high as $0.4890 and last traded at $0.4660. Approximately 18,823 shares were traded during mid-day trading, a decline of 87% from the average session volume of 141,994 shares. The stock had previously closed at $0.4510.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, GCL Global currently has an average rating of “Sell”.

GCL Global Stock Performance

The stock has a 50-day simple moving average of $0.49 and a 200-day simple moving average of $0.70. The company has a market cap of $51.34 million, a price-to-earnings ratio of -21.05 and a beta of 0.36.

Hedge Funds Weigh In On GCL Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new stake in shares of GCL Global during the 3rd quarter worth about $42,000. XTX Topco Ltd increased its stake in shares of GCL Global by 361.2% during the fourth quarter. XTX Topco Ltd now owns 48,682 shares of the company’s stock valued at $52,000 after acquiring an additional 38,127 shares during the period. Geode Capital Management LLC bought a new stake in GCL Global during the second quarter worth approximately $54,000. Finally, Citadel Advisors LLC raised its holdings in GCL Global by 54.4% during the third quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock worth $139,000 after purchasing an additional 19,699 shares in the last quarter. Institutional investors own 36.55% of the company’s stock.

About GCL Global

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.