GameStop (NYSE:GME) Hits New 1-Year Low at $10.49

GameStop Corp. (NYSE:GME - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $10.49 and last traded at $10.57, with a volume of 622741 shares trading hands. The stock had previously closed at $10.77.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of GameStop from a "sell" rating to a "hold" rating in a research report on Wednesday, March 27th. Wedbush lowered their price objective on shares of GameStop from $6.00 to $5.60 and set an "underperform" rating on the stock in a report on Wednesday, March 27th.

GameStop Stock Performance

The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.08 billion, a P/E ratio of 505.25 and a beta of -0.45. The company's 50-day moving average is $13.57 and its two-hundred day moving average is $14.38.

GameStop (NYSE:GME - Get Free Report) last issued its earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $2.05 billion. GameStop had a return on equity of 1.35% and a net margin of 0.13%. GameStop's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. Equities analysts predict that GameStop Corp. will post 0.01 EPS for the current year.

Insider Transactions at GameStop

In other news, Director Lawrence Cheng purchased 10,000 shares of the stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of $11.22 per share, with a total value of $112,200.00. Following the completion of the acquisition, the director now owns 65,088 shares in the company, valued at approximately $730,287.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other GameStop news, General Counsel Mark Haymond Robinson sold 4,379 shares of GameStop stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total transaction of $50,840.19. Following the transaction, the general counsel now directly owns 64,308 shares of the company's stock, valued at $746,615.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence Cheng purchased 10,000 shares of the firm's stock in a transaction on Monday, April 8th. The shares were acquired at an average cost of $11.22 per share, for a total transaction of $112,200.00. Following the completion of the purchase, the director now directly owns 65,088 shares of the company's stock, valued at approximately $730,287.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 5,957 shares of company stock valued at $68,971. 12.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of GameStop in the third quarter worth approximately $872,000. Rhumbline Advisers boosted its holdings in GameStop by 1.7% in the third quarter. Rhumbline Advisers now owns 806,083 shares of the company's stock valued at $13,268,000 after acquiring an additional 13,248 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in GameStop by 11.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,316,585 shares of the company's stock valued at $38,131,000 after acquiring an additional 243,608 shares in the last quarter. Barclays PLC boosted its holdings in GameStop by 133.3% in the third quarter. Barclays PLC now owns 346,830 shares of the company's stock valued at $5,710,000 after acquiring an additional 198,140 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in GameStop by 1.4% in the third quarter. Invesco Ltd. now owns 442,444 shares of the company's stock valued at $7,283,000 after acquiring an additional 6,311 shares in the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.