Shares of NeoGames S.A. (NASDAQ:NGMS - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 13,161 shares changed hands during trading, a decline of 67% from the previous session's volume of 39,506 shares.The stock last traded at $29.00 and had previously closed at $29.01.
NeoGames Price Performance
The company has a market capitalization of $973.26 million, a P/E ratio of -53.83 and a beta of 1.14. The firm's fifty day moving average is $28.46 and its 200 day moving average is $27.69. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.10 and a current ratio of 1.13.
NeoGames (NASDAQ:NGMS - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $47.76 million during the quarter, compared to analysts' expectations of $57.95 million. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. As a group, analysts predict that NeoGames S.A. will post 0.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NeoGames
Several hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in shares of NeoGames by 6,940.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,750,983 shares of the company's stock worth $27,018,000 after purchasing an additional 1,726,113 shares during the period. FMR LLC lifted its position in NeoGames by 8.7% during the first quarter. FMR LLC now owns 1,695,899 shares of the company's stock valued at $25,778,000 after acquiring an additional 136,339 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in NeoGames by 25.5% during the first quarter. ArrowMark Colorado Holdings LLC now owns 1,265,367 shares of the company's stock valued at $19,234,000 after acquiring an additional 256,745 shares during the last quarter. Alpine Associates Management Inc. lifted its position in NeoGames by 24.6% during the fourth quarter. Alpine Associates Management Inc. now owns 1,245,528 shares of the company's stock valued at $35,659,000 after acquiring an additional 245,900 shares during the last quarter. Finally, BlackRock Inc. lifted its position in NeoGames by 7.4% during the first quarter. BlackRock Inc. now owns 901,952 shares of the company's stock valued at $13,710,000 after acquiring an additional 62,462 shares during the last quarter. Hedge funds and other institutional investors own 29.73% of the company's stock.
About NeoGames
(
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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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