News articles about Global Power Equipment Group (NASDAQ:GLPW) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Global Power Equipment Group earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news stories about the industrial goods maker an impact score of 44.6992162467184 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Global Power Equipment Group (NASDAQ GLPW) remained flat at $4.00 on Wednesday. The company’s stock had a trading volume of 7,819 shares. The stock has a 50-day moving average of $2.92 and a 200-day moving average of $3.63. Global Power Equipment Group has a 12-month low of $1.66 and a 12-month high of $5.40. The company’s market cap is $71.11 million.
In other news, major shareholder Jeffrey L. Et Al Gendell acquired 245,282 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was acquired at an average price of $2.47 per share, for a total transaction of $605,846.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jeffrey L. Et Al Gendell acquired 25,300 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was purchased at an average price of $3.13 per share, with a total value of $79,189.00. The disclosure for this purchase can be found here.
About Global Power Equipment Group
Global Power Equipment Group Inc is a design, engineering and manufacturing company providing an array of equipment and services to the global power infrastructure, energy and process industries. The Products segment includes two primary product categories: Mechanical Solutions, which designs, engineers and manufactures a portfolio of equipment for utility-scale natural gas turbines, and Electrical Solutions, which provides custom-configured electrical houses and generator enclosures for various industries.