Zacks Investment Research downgraded GWG Holdings Inc (NASDAQ:GWGH) to Hold in a report released today.
- Updated: October 17, 2016
Just yesterday GWG Holdings Inc (NASDAQ:GWGH) traded 4.69% higher at $8.88. GWGH’s 50-day average is $9.15 and its two hundred day average is $7.52. The last stock price close is up 18.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 938 shares of the stock were exchanged, down from an average trading volume of 8,491
Zacks Investment Research has downgraded GWG Holdings Inc (NASDAQ:GWGH) to Hold in a report released on 10/17/2016.
Previously on 8/17/2016, Zacks Investment Research reported on GWG Holdings Inc (NASDAQ:GWGH) increased the target price from $0.00 to $9.25. At the time, this indicated a possible upside of 0.03%.
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GWG Holdings Inc has a 52 week low of $4.21 and a 52 week high of $11.56 GWG Holdings Inc’s market capitalization is currently $0.
Brief Synopsis On GWG Holdings Inc (NASDAQ:GWGH)
GWG Holdings, Inc. is a specialty finance company. The Company is a financial purchaser of life insurance assets in the secondary market. The Company creates opportunities for consumers owning life insurance to obtain value for their policies as compared to the traditional options offered by insurance companies. The Company also creates opportunities for investors to participate in alternative asset classes, such as life insurance, not correlated to traditional financial markets. The Company conducts its life insurance related business through its subsidiary, GWG Life, LLC. It generally purchases life insurance assets directly from policy owners having purchased their life insurance in the primary market. Its operational platform offers various options to customers based on the market value of their life insurance, including selling the entire policy benefit for cash, or selling a portion of the policy benefit and retaining a portion of the benefit with no future premium obligation.
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