New Concept Energy (NYSEAMERICAN:GBR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of New Concept Energy (NYSEAMERICAN:GBR – Get Rating) in a research report sent to investors on Monday. The brokerage issued a sell rating on the stock.

Separately, TheStreet upgraded New Concept Energy from a d+ rating to a c rating in a research note on Thursday, April 6th.

New Concept Energy Trading Down 1.0 %

New Concept Energy stock opened at $1.01 on Monday. The firm has a 50 day moving average of $1.06 and a 200 day moving average of $1.16. The firm has a market capitalization of $5.18 million, a price-to-earnings ratio of 33.68 and a beta of 0.62. New Concept Energy has a 12-month low of $0.99 and a 12-month high of $2.71.

New Concept Energy (NYSEAMERICAN:GBR – Get Rating) last released its earnings results on Tuesday, March 21st. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $0.06 million during the quarter. New Concept Energy had a net margin of 66.11% and a return on equity of 2.66%.

Institutional Trading of New Concept Energy

A number of institutional investors have recently bought and sold shares of GBR. Millennium Management LLC lifted its position in New Concept Energy by 129.4% in the fourth quarter. Millennium Management LLC now owns 24,068 shares of the company’s stock worth $26,000 after buying an additional 13,576 shares during the last quarter. Renaissance Technologies LLC bought a new stake in New Concept Energy in the second quarter worth $30,000. Finally, Virtu Financial LLC bought a new stake in New Concept Energy in the first quarter worth $95,000. 5.81% of the stock is currently owned by institutional investors.

About New Concept Energy

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New Concept Energy, Inc engages in the provision of real estate rental services. It also maintains property and liability insurance intended to cover claims for its real estate and corporate operations. The company was founded in 1978 and is headquartered in Dallas, TX.