NeoGames (NASDAQ:NGMS) Reaches New 52-Week High at $29.23

NeoGames S.A. (NASDAQ:NGMS - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $29.23 and last traded at $29.23, with a volume of 126584 shares changing hands. The stock had previously closed at $29.01.

NeoGames Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.61. The stock's fifty day moving average price is $28.53 and its two-hundred day moving average price is $27.75. The firm has a market capitalization of $980.63 million, a price-to-earnings ratio of -54.22 and a beta of 1.14.

NeoGames (NASDAQ:NGMS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The company had revenue of $47.76 million for the quarter, compared to analysts' expectations of $57.95 million. NeoGames had a positive return on equity of 9.15% and a negative net margin of 9.54%. Equities research analysts expect that NeoGames S.A. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On NeoGames

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in NeoGames by 171.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 92,839 shares of the company's stock valued at $2,658,000 after purchasing an additional 58,656 shares during the last quarter. Legal & General Group Plc grew its position in shares of NeoGames by 6.3% in the 4th quarter. Legal & General Group Plc now owns 10,180 shares of the company's stock valued at $291,000 after buying an additional 600 shares during the last quarter. Westchester Capital Management LLC purchased a new position in shares of NeoGames in the 4th quarter valued at $5,763,000. Beryl Capital Management LLC acquired a new stake in NeoGames during the 4th quarter worth $2,022,000. Finally, Black Maple Capital Management LP purchased a new stake in NeoGames in the fourth quarter valued at $1,675,000. Hedge funds and other institutional investors own 29.73% of the company's stock.

NeoGames Company Profile

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.