Shares of NeoGames S.A. (NASDAQ:NGMS - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 23,109 shares changed hands during mid-day trading, a decline of 57% from the previous session's volume of 54,227 shares.The stock last traded at $28.99 and had previously closed at $29.00.
NeoGames Trading Up 0.0 %
The stock has a market capitalization of $971.25 million, a P/E ratio of -53.70 and a beta of 1.14. 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 business's 50 day simple moving average is $28.51 and its 200-day simple moving average is $27.73.
NeoGames (NASDAQ:NGMS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. The firm had revenue of $47.76 million for the quarter, compared to analysts' expectations of $57.95 million. As a group, analysts forecast that NeoGames S.A. will post 0.13 EPS for the current year.
Hedge Funds Weigh In On NeoGames
Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its stake in NeoGames by 47.7% in the third quarter. UBS Group AG now owns 244,460 shares of the company's stock valued at $6,600,000 after acquiring an additional 78,947 shares during the last quarter. Alpine Associates Management Inc. boosted its position in shares of NeoGames by 14.9% during the third quarter. Alpine Associates Management Inc. now owns 999,628 shares of the company's stock worth $26,990,000 after purchasing an additional 129,840 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of NeoGames by 91.0% during the third quarter. Wolverine Asset Management LLC now owns 41,810 shares of the company's stock worth $1,129,000 after purchasing an additional 19,921 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of NeoGames by 12.9% during the third quarter. Gabelli Funds LLC now owns 249,954 shares of the company's stock worth $6,749,000 after purchasing an additional 28,484 shares in the last quarter. Finally, Trium Capital LLP bought a new position in shares of NeoGames during the third quarter worth $6,819,000. 29.73% of the stock is owned by institutional investors.
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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