NeoGames S.A. (NASDAQ:NGMS - Get Free Report) saw an uptick in trading volume on Wednesday . 35,783 shares were traded during mid-day trading, a decline of 64% from the previous session's volume of 100,054 shares.The stock last traded at $29.41 and had previously closed at $29.39.
NeoGames Price Performance
The stock has a market cap of $984.37 million, a P/E ratio of -54.46 and a beta of 1.14. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.10 and a current ratio of 1.13. The business has a 50 day simple moving average of $28.67 and a 200-day simple moving average of $27.82.
NeoGames (NASDAQ:NGMS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The business had revenue of $47.76 million during the quarter, compared to the consensus estimate of $57.95 million. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. On average, sell-side analysts forecast that NeoGames S.A. will post 0.13 EPS for the current year.
Hedge Funds Weigh In On NeoGames
Several institutional investors have recently bought and sold shares of NGMS. Point72 Asset Management L.P. bought a new stake in shares of NeoGames in the second quarter valued at $40,000. Barclays PLC increased its stake in shares of NeoGames by 178.7% in the fourth quarter. Barclays PLC now owns 3,545 shares of the company's stock worth $43,000 after purchasing an additional 2,273 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of NeoGames during the 4th quarter valued at approximately $52,000. Legal & General Group Plc boosted its holdings in NeoGames by 227.4% in the 4th 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 during the period. Finally, American International Group Inc. grew its stake in NeoGames by 19.8% in the 2nd quarter. American International Group Inc. now owns 6,153 shares of the company's stock valued at $83,000 after buying an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors own 29.73% of the company's stock.
About NeoGames
(
Get Free Report)
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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