Golden Matrix Group (NASDAQ:GMGI - Get Free Report)'s stock had its "sell (d)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.
Golden Matrix Group Stock Down 0.4%
Shares of NASDAQ:GMGI traded down $0.00 during midday trading on Tuesday, reaching $0.98. 78,415 shares of the company were exchanged, compared to its average volume of 206,916. The firm has a market cap of $137.66 million, a PE ratio of -12.26 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $1.16 and a two-hundred day simple moving average of $1.56. Golden Matrix Group has a fifty-two week low of $0.91 and a fifty-two week high of $3.06.
Golden Matrix Group (NASDAQ:GMGI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter. The company had revenue of $43.25 million during the quarter, compared to the consensus estimate of $50.01 million. Golden Matrix Group had a negative net margin of 5.41% and a negative return on equity of 7.50%. As a group, sell-side analysts forecast that Golden Matrix Group will post 0.03 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO Richard Christensen bought 30,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were bought at an average price of $1.39 per share, for a total transaction of $41,700.00. Following the purchase, the chief financial officer owned 40,000 shares in the company, valued at approximately $55,600. The trade was a 300.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Brian Goodman sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $1.62, for a total transaction of $81,000.00. Following the sale, the chief executive officer owned 8,654,079 shares in the company, valued at approximately $14,019,607.98. The trade was a 0.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 80,000 shares of company stock worth $101,800 and sold 150,000 shares worth $215,000. Company insiders own 24.00% of the company's stock.
Institutional Investors Weigh In On Golden Matrix Group
Several institutional investors and hedge funds have recently modified their holdings of GMGI. Marex Group plc purchased a new stake in Golden Matrix Group in the second quarter worth about $26,000. Nuveen LLC acquired a new position in shares of Golden Matrix Group in the 1st quarter valued at about $52,000. Marshall Wace LLP acquired a new position in Golden Matrix Group during the 2nd quarter valued at approximately $57,000. Finally, Topline Capital Management LLC acquired a new position in Golden Matrix Group during the 2nd quarter worth $90,000. Institutional investors own 2.74% of the company's stock.
About Golden Matrix Group
(
Get Free Report)
Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.
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