Galaxy Gaming (OTCMKTS:GLXZ) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Galaxy Gaming's stock price crossed above its 200-day moving average of $2.83, reaching a high of $2.89 before settling at $2.84.
• The company reported earnings of $0.04 per share and a revenue of $7.53 million for the last quarter.
• Galaxy Gaming holds a market cap of $71.88 million and has a price-to-earnings ratio of -17.75.

Galaxy Gaming Inc. (OTCMKTS:GLXZ - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.83 and traded as high as $2.89. Galaxy Gaming shares last traded at $2.84, with a volume of 23,912 shares.

Galaxy Gaming Price Performance

The stock has a market cap of $73.15 million, a P/E ratio of -18.06 and a beta of 0.95. The business's 50 day simple moving average is $2.84 and its 200 day simple moving average is $2.83.

Galaxy Gaming (OTCMKTS:GLXZ - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter. The business had revenue of $7.53 million for the quarter.

About Galaxy Gaming

Galaxy Gaming, Inc, a gaming company, designs, develops, acquires, assembles, markets, and licenses proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The company's proprietary table games comprise side bets, which are proprietary features and wagering options added to public domain games, such as baccarat, pai gow poker, craps, and blackjack table games under the Lucky Ladies, 21+3, Bonus Craps, and EZ Baccarat titles; and premium games, which are stand-alone games with their own set of rules and strategies under the Heads Up Hold 'em, High Card Flush, Cajun Stud, and Three Card Poker names.