Shares of Genie Energy (NYSE GNE) opened at $4.45 on Thursday. Genie Energy has a 12-month low of $4.09 and a 12-month high of $8.31. The company has a market cap of $112.55, a price-to-earnings ratio of -11.40 and a beta of 2.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.70 and a quick ratio of 1.60.
A hedge fund recently raised its stake in Genie Energy stock. State Street Corp raised its position in Genie Energy Ltd (NYSE:GNE) by 21.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 180,427 shares of the oil and gas producer’s stock after buying an additional 31,379 shares during the quarter. State Street Corp owned about 0.78% of Genie Energy worth $1,375,000 as of its most recent filing with the SEC. 19.71% of the stock is owned by hedge funds and other institutional investors.
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Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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