General Fusion Group (NASDAQ:GFUZ) Stock Rating Lowered by Wall Street Zen

General Fusion Group (NASDAQ:GFUZ) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently issued reports on GFUZ. Zacks Research assumed coverage on General Fusion Group in a research report on Wednesday. They issued a “hold” rating on the stock. Wedbush started coverage on General Fusion Group in a research report on Tuesday. They issued a “neutral” rating and a $7.00 target price on the stock. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

General Fusion Group Trading Up 3.1%

Shares of NASDAQ GFUZ opened at $5.30 on Friday. General Fusion Group has a 1-year low of $5.00 and a 1-year high of $14.85.

General Fusion Group Company Profile

We are a recently incorporated blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination. We have not selected any potential business combination target, and we have not, nor has anyone on our behalf, had any substantive discussions, directly or indirectly, with any potential business combination target.