Shares of GLI Finance Ltd (LON:GLIF) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 10.63 ($0.14) and last traded at GBX 11 ($0.15), with a volume of 92040 shares trading hands. The stock had previously closed at GBX 11 ($0.15).
Separately, Liberum Capital dropped their price objective on shares of GLI Finance from GBX 24 ($0.32) to GBX 16.50 ($0.22) and set a “hold” rating for the company in a research note on Monday, September 25th.
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GLI Finance Company Profile
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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