GWG (NASDAQ:GWGH) posted its quarterly earnings data on Monday. The financial services provider reported ($0.57) EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $25.22 million for the quarter.
Shares of NASDAQ:GWGH traded up $0.37 on Tuesday, hitting $10.40. 194 shares of the company were exchanged, compared to its average volume of 26,326. GWG has a 1-year low of $4.80 and a 1-year high of $17.50. The stock has a 50 day moving average price of $8.59. The company has a debt-to-equity ratio of 17.93, a current ratio of 23.36 and a quick ratio of 23.36. The stock has a market cap of $353.78 million, a price-to-earnings ratio of -1.29 and a beta of 0.09.
Separately, ValuEngine downgraded shares of GWG from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.
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