Score Media and Gaming (NYSE:SCR) Sees Large Volume Increase

Score Media and Gaming Inc. (NYSE:SCR) saw strong trading volume on Thursday . 38,500 shares traded hands during trading, a decline of 96% from the previous session’s volume of 863,938 shares.The stock last traded at $35.37 and had previously closed at $34.89.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Score Media and Gaming from a “sell” rating to a “hold” rating in a research report on Wednesday, September 22nd. Macquarie cut Score Media and Gaming from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 9th. Finally, Morgan Stanley reduced their price target on Score Media and Gaming from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, July 15th.

The company has a debt-to-equity ratio of 0.07, a current ratio of 11.89 and a quick ratio of 11.89. The firm has a fifty day simple moving average of $34.34 and a 200 day simple moving average of $24.10. The company has a market capitalization of $1.87 billion and a price-to-earnings ratio of -33.87.

Score Media and Gaming (NYSE:SCR) last issued its quarterly earnings data on Monday, July 12th. The healthcare company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.51). Score Media and Gaming had a negative net margin of 350.92% and a negative return on equity of 94.31%. The business had revenue of $5.19 million during the quarter. Research analysts predict that Score Media and Gaming Inc. will post -1.53 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sphinx Trading LP acquired a new stake in Score Media and Gaming in the third quarter valued at approximately $123,000. Virtu Financial LLC acquired a new stake in shares of Score Media and Gaming in the second quarter worth approximately $462,000. Marshall Wace LLP acquired a new stake in shares of Score Media and Gaming in the second quarter worth approximately $1,933,000. Marshall Wace North America L.P. acquired a new stake in shares of Score Media and Gaming in the second quarter worth approximately $4,105,000. Finally, Morgan Stanley boosted its stake in shares of Score Media and Gaming by 59.6% in the second quarter. Morgan Stanley now owns 46,391 shares of the healthcare company’s stock worth $925,000 after acquiring an additional 17,327 shares during the last quarter. 8.77% of the stock is currently owned by institutional investors.

About Score Media and Gaming (NYSE:SCR)

Score Media & Gaming, Inc engages in the development of mobile sports applications. Its media app theScore delivers personalized live scores, news, statistics, and betting information from teams, leagues, and players. The company’s sports betting app theScore Bet delivers an immersive and holistic mobile sports betting experience.

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