Snail (NASDAQ:SNAL) Trading Down 7.3% - Should You Sell?

Snail, Inc. (NASDAQ:SNAL - Get Free Report) shares dropped 7.3% on Wednesday . The company traded as low as $1.33 and last traded at $1.40. Approximately 535,256 shares were traded during mid-day trading, an increase of 290% from the average daily volume of 137,147 shares. The stock had previously closed at $1.51.

Snail Stock Down 0.7%

The firm's fifty day moving average is $1.24 and its two-hundred day moving average is $1.50. The firm has a market cap of $54.33 million, a P/E ratio of 36.51 and a beta of 0.48.

Snail (NASDAQ:SNAL - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.05. Snail had a negative net margin of 0.11% and a negative return on equity of 3.17%. The business had revenue of $20.10 million during the quarter, compared to analysts' expectations of $18.00 million. As a group, sell-side analysts forecast that Snail, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Snail

Several hedge funds have recently bought and sold shares of SNAL. Heron Bay Capital Management acquired a new position in Snail during the fourth quarter valued at $88,000. Magnus Financial Group LLC acquired a new position in shares of Snail during the 1st quarter valued at about $25,000. Finally, Geode Capital Management LLC acquired a new position in Snail in the 4th quarter valued at about $35,000. Institutional investors own 0.36% of the company's stock.

About Snail

Snail, Inc, together with its subsidiaries, researches, develops, markets, publishes, and distributes interactive digital entertainment for consumers worldwide. It offers games, content, and support for various platforms, including game consoles, personal computers, mobile phones, and tablets. Snail, Inc was founded in 2009 and is headquartered in Culver City, California.