The Glassbridge Enterprises Inc (GLA) Announces Quarterly Earnings Results

The Glassbridge Enterprises Inc (GLA) Announces Quarterly  Earnings Results

Shares of Glassbridge Enterprises (NYSE GLA) opened at 3.86 on Monday. The firm has a 50-day moving average price of $4.55 and a 200-day moving average price of $6.70. The firm’s market cap is $19.27 million. Glassbridge Enterprises has a 12-month low of $3.70 and a 12-month high of $18.10.

Glassbridge Enterprises Inc (NYSE:GLA) released its earnings results on Monday. The technology company reported ($1.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $1.22, Morningstar.com reports. The business had revenue of $9.60 million during the quarter.

In other Glassbridge Enterprises news, insider George E. Hall bought 81,957 shares of Glassbridge Enterprises stock in a transaction dated Wednesday, March 29th. The stock was bought at an average cost of $5.26 per share, with a total value of $431,093.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 90,457 shares of company stock valued at $466,689. A number of institutional investors have recently made changes to their positions in the stock. VNBTrust National Association purchased a new position in shares of Glassbridge Enterprises during the first quarter valued at $261,000. Vanguard Group Inc. purchased a new position in shares of Glassbridge Enterprises during the first quarter valued at $277,000. Renaissance Technologies LLC purchased a new position in shares of Glassbridge Enterprises during the first quarter valued at $948,000. Clinton Group Inc. purchased a new position in shares of Glassbridge Enterprises during the first quarter valued at $956,000. Finally, Wells Fargo & Company MN purchased a new position in shares of Glassbridge Enterprises during the first quarter valued at $2,727,000.

Glassbridge Enterprises Company Profile GlassBridge Enterprises, Inc, formerly Imation Corp., is a holding company. The Company is a data storage and data security company. It operates through Nexsan segment. The Nexsan segment operates as its own product line. Its storage systems portfolio ranges from storage products to unified hybrid storage solutions for small and medium commercial businesses, enterprise and government customers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GLA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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