GLI Finance (LON:GLIF) Stock Price Passes Below 200-Day Moving Average of $3.68

GLI Finance Ltd (LON:GLIF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.68 and traded as low as $2.20. GLI Finance shares last traded at $2.30, with a volume of 205,688 shares traded.

Separately, Liberum Capital decreased their target price on shares of GLI Finance from GBX 6.20 ($0.08) to GBX 5 ($0.06) and set a “buy” rating on the stock in a research report on Tuesday, April 7th.

The company has a market capitalization of $7.18 million and a PE ratio of -0.70. The firm’s 50-day simple moving average is GBX 2.72 and its 200 day simple moving average is GBX 3.68. The company has a debt-to-equity ratio of 178.10, a quick ratio of 4.13 and a current ratio of 4.31.

About GLI Finance (LON:GLIF)

GLI Finance Limited provides finance to small and medium sized enterprises (SMEs). The Company’s objective is to produce a stable and predictable dividend yield, with long-term preservation of net asset value, and its investment policy is to invest primarily in senior secured loans. The Company provides loans to SMEs through various finance platforms.

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