NeoGames (NASDAQ:NGMS) Sees Unusually-High Trading Volume

NeoGames S.A. (NASDAQ:NGMS) saw strong trading volume on Wednesday . 35,783 shares traded hands during 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 Stock Up 0.0 %

The stock has a 50 day moving average price of $28.67 and a 200 day moving average price of $27.82. 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 company has a market capitalization of $984.37 million, a P/E ratio of -54.46 and a beta of 1.14.

NeoGames (NASDAQ:NGMS) 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%. Equities research analysts forecast that NeoGames S.A. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NeoGames

A number of hedge funds have recently modified their holdings of NGMS. Swiss National Bank grew its holdings in NeoGames by 7.0% during the first quarter. Swiss National Bank now owns 24,300 shares of the company’s stock valued at $375,000 after purchasing an additional 1,600 shares during the period. JPMorgan Chase & Co. grew its stake in shares of NeoGames by 226.1% during the 1st quarter. JPMorgan Chase & Co. now owns 76,555 shares of the company’s stock worth $1,181,000 after acquiring an additional 53,076 shares during the period. Bank of New York Mellon Corp grew its stake in shares of NeoGames by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 23,943 shares of the company’s stock worth $369,000 after acquiring an additional 1,482 shares during the period. BlackRock Inc. increased its holdings in NeoGames by 3.6% in the 1st quarter. BlackRock Inc. now owns 679,951 shares of the company’s stock worth $10,492,000 after acquiring an additional 23,320 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in NeoGames in the 1st quarter valued at about $1,296,000. Institutional investors own 29.73% of the company’s stock.

About NeoGames

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.