NeoGames S.A. (NASDAQ:NGMS - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $29.10 and last traded at $29.00, with a volume of 19885 shares changing hands. The stock had previously closed at $29.09.
NeoGames Stock Performance
The company has a debt-to-equity ratio of 1.61, a current ratio of 1.13 and a quick ratio of 1.10. The firm has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $27.68. The company has a market capitalization of $971.25 million, a price-to-earnings ratio of -53.72 and a beta of 1.14.
NeoGames (NASDAQ:NGMS - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $47.76 million for the quarter, compared to the consensus estimate of $57.95 million. NeoGames had a positive return on equity of 9.15% and a negative net margin of 9.54%. On average, analysts anticipate that NeoGames S.A. will post 0.13 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NeoGames
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in NeoGames during the second quarter worth approximately $40,000. Longfellow Investment Management Co. LLC purchased a new position in NeoGames during the fourth quarter worth approximately $52,000. Barclays PLC lifted its position in NeoGames by 178.7% during the fourth quarter. Barclays PLC now owns 3,545 shares of the company's stock worth $43,000 after buying an additional 2,273 shares in the last quarter. Point72 Middle East FZE purchased a new position in NeoGames during the second quarter worth approximately $110,000. Finally, Legal & General Group Plc lifted its position in NeoGames by 227.4% during the fourth quarter. Legal & General Group Plc now owns 4,600 shares of the company's stock worth $56,000 after buying an additional 3,195 shares in the last quarter. Hedge funds and other institutional investors own 29.73% of the company's stock.
NeoGames Company Profile
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NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.
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