Bragg Gaming Group (NASDAQ:BRAG) Trading Down 1.2% - Should You Sell?

Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report)'s stock price was down 1.2% during mid-day trading on Tuesday . The company traded as low as $4.12 and last traded at $4.12. Approximately 36,574 shares were traded during trading, a decline of 30% from the average daily volume of 52,557 shares. The stock had previously closed at $4.17.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BRAG shares. JMP Securities reiterated a "market outperform" rating and set a $6.00 price objective on shares of Bragg Gaming Group in a research note on Friday, May 16th. Citigroup restated an "outperform" rating on shares of Bragg Gaming Group in a research note on Friday, March 21st. Finally, Maxim Group boosted their price objective on Bragg Gaming Group from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th.

Bragg Gaming Group Stock Down 1.9%

The business's fifty day moving average is $4.11 and its 200 day moving average is $4.18. The firm has a market capitalization of $103.68 million, a price-to-earnings ratio of -17.25 and a beta of 0.88.

Bragg Gaming Group (NASDAQ:BRAG - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). The firm had revenue of $27.59 million during the quarter, compared to analyst estimates of $28.63 million. Bragg Gaming Group had a negative net margin of 5.33% and a negative return on equity of 7.42%. Equities research analysts expect that Bragg Gaming Group Inc. will post -0.14 EPS for the current year.

Institutional Trading of Bragg Gaming Group

Large investors have recently bought and sold shares of the business. Militia Capital Partners LP bought a new stake in Bragg Gaming Group during the 1st quarter worth approximately $58,000. Goldman Sachs Group Inc. lifted its stake in Bragg Gaming Group by 40.0% in the first quarter. Goldman Sachs Group Inc. now owns 72,263 shares of the company's stock valued at $297,000 after purchasing an additional 20,633 shares during the last quarter. XTX Topco Ltd purchased a new stake in Bragg Gaming Group in the 1st quarter worth about $77,000. Cidel Asset Management Inc. grew its stake in Bragg Gaming Group by 23.6% in the 1st quarter. Cidel Asset Management Inc. now owns 156,898 shares of the company's stock valued at $654,000 after buying an additional 29,913 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Bragg Gaming Group during the fourth quarter valued at about $58,000. 4.04% of the stock is currently owned by institutional investors and hedge funds.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.