Snail (NASDAQ:SNAL) Cut to “Strong Sell” at Zacks Research

Snail (NASDAQ:SNAL) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Snail in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Snail Price Performance

Shares of NASDAQ SNAL opened at $0.80 on Monday. Snail has a 1-year low of $0.64 and a 1-year high of $3.42. The business’s 50 day moving average is $0.88 and its two-hundred day moving average is $1.01. The stock has a market capitalization of $30.01 million, a P/E ratio of -1.17 and a beta of 0.55.

Snail (NASDAQ:SNAL) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.16). Snail had a negative net margin of 15.14% and a negative return on equity of 12.69%. The company had revenue of $13.82 million for the quarter, compared to analysts’ expectations of $22.00 million. As a group, equities research analysts anticipate that Snail will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Snail

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP raised its stake in shares of Snail by 63.3% during the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after acquiring an additional 11,601 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Snail in the 2nd quarter worth $59,000. Magnus Financial Group LLC acquired a new stake in Snail in the fourth quarter worth about $99,000. Finally, Connective Capital Management LLC acquired a new position in shares of Snail during the third quarter valued at about $158,000. 0.36% of the stock is owned by hedge funds and other institutional investors.

About Snail

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.