Glassbridge Enterprises Inc (OTCMKTS:GLAE)’s share price traded down 18.5% during trading on Thursday . The stock traded as low as $0.53 and last traded at $0.53, 3,500 shares were traded during mid-day trading. An increase of 323% from the average session volume of 828 shares. The stock had previously closed at $0.65.
Separately, ValuEngine upgraded Glassbridge Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
The firm has a 50-day simple moving average of $0.55 and a 200 day simple moving average of $0.32.
GlassBridge Enterprises, Inc, through its subsidiaries, provides enterprise data storage and asset management services worldwide. The company provides solid-state optimized unified hybrid storage systems, secure automated archive solutions, and high-density enterprise storage arrays for various applications, including virtual machine storage, cloud storage, database, surveillance, bulk storage, backup and recovery, and disaster recovery and archive.
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