GLI Finance (LON:GLIF) Shares Cross Below 200 Day Moving Average of $3.82

GLI Finance Ltd (LON:GLIF)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.82 and traded as low as $2.61. GLI Finance shares last traded at $2.76, with a volume of 156,200 shares.

Separately, Liberum Capital reduced their target price on GLI Finance from GBX 9.40 ($0.12) to GBX 6.20 ($0.08) and set a “buy” rating for the company in a report on Wednesday, September 18th.

The firm has a market cap of $7.19 million and a P/E ratio of -0.41. The stock has a fifty day simple moving average of GBX 2.40 and a 200 day simple moving average of GBX 3.81. The company has a debt-to-equity ratio of 144.21, a quick ratio of 3.13 and a current ratio of 3.31.

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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