GWG Holdings Inc (NASDAQ:GWGH)’s stock price rose 10% during trading on Friday . The company traded as high as $7.43 and last traded at $7.14. Approximately 253,690 shares were traded during mid-day trading, an increase of 1,112% from the average daily volume of 20,931 shares. The stock had previously closed at $6.49.
Separately, ValuEngine downgraded shares of GWG from a “buy” rating to a “hold” rating in a research report on Monday, April 15th.
The stock has a market cap of $42.93 million, a PE ratio of 3.08 and a beta of 0.31. The business’s 50-day moving average price is $11.47.
About GWG (NASDAQ:GWGH)
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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