NTN Buzztime Inc (NTN) Rating Increased to Hold at Zacks Investment Research
NTN Buzztime Inc (NYSEMKT:NTN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.
According to Zacks, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants. “
NTN Buzztime (NYSEMKT:NTN) opened at 7.099 on Friday. The company’s market capitalization is $13.05 million. NTN Buzztime has a 1-year low of $4.00 and a 1-year high of $17.00. The firm has a 50 day moving average of $6.71 and a 200-day moving average of $7.16.
NTN Buzztime (NYSEMKT:NTN) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.04. The firm earned $5.40 million during the quarter, compared to analysts’ expectations of $5.65 million. On average, equities research analysts anticipate that NTN Buzztime will post ($1.72) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in NTN Buzztime stock. Renaissance Technologies LLC raised its position in shares of NTN Buzztime Inc (NYSEMKT:NTN) by 2.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 833,800 shares of the company’s stock after buying an additional 22,000 shares during the period. Renaissance Technologies LLC owned about 0.91% of NTN Buzztime worth $124,000 at the end of the most recent quarter.
About NTN Buzztime
NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.
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