StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a note issued to investors on Sunday. The firm set a “sell” rating on the stock.
New Concept Energy Trading Down 3.7 %
GBR opened at $1.50 on Friday. The stock has a 50-day moving average of $1.54 and a 200 day moving average of $1.25. New Concept Energy has a 12 month low of $0.95 and a 12 month high of $1.82. The firm has a market cap of $7.70 million, a P/E ratio of -50.00 and a beta of 0.34.
New Concept Energy (NYSE:GBR – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter. New Concept Energy had a negative net margin of 25.17% and a negative return on equity of 0.79%. The company had revenue of $0.04 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in New Concept Energy stock. PFG Investments LLC bought a new stake in shares of New Concept Energy, Inc. (NYSE:GBR – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 90,200 shares of the company’s stock, valued at approximately $95,000.
New Concept Energy Company Profile
New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.
Featured Stories
Receive News & Ratings for New Concept Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for New Concept Energy and related companies with MarketBeat.com’s FREE daily email newsletter.