Greenland Energy (NASDAQ:GLND) Stock Rating Raised to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Greenland Energy (NASDAQ:GLND) from a strong sell rating to a sell rating in a research report report published on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Greenland Energy currently has an average rating of “Hold”.

Greenland Energy Stock Performance

Shares of Greenland Energy stock opened at $3.12 on Friday. The business has a 50-day simple moving average of $2.25. Greenland Energy has a 52 week low of $1.09 and a 52 week high of $23.00. The company has a market capitalization of $136.44 million, a PE ratio of -18.35 and a beta of -5.84.

Greenland Energy (NASDAQ:GLND) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.

Institutional Investors Weigh In On Greenland Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Wealth LLC bought a new stake in shares of Greenland Energy during the 2nd quarter worth $33,000. Squarepoint Ops LLC acquired a new position in shares of Greenland Energy in the 2nd quarter worth $41,000. PEAK6 LLC acquired a new position in shares of Greenland Energy in the 2nd quarter worth $143,000. Resolute Advisors LLC acquired a new position in shares of Greenland Energy in the 2nd quarter worth $163,000. Finally, State Street Corp acquired a new stake in shares of Greenland Energy during the second quarter worth $417,000.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.