Bragg Gaming Group (TSE:BRAG) Trading Down 14% – Here’s What Happened

Bragg Gaming Group Inc. (TSE:BRAG)’s stock price fell 14% during mid-day trading on Friday . The company traded as low as C$2.10 and last traded at C$2.22. 99,454 shares were traded during trading, an increase of 287% from the average session volume of 25,671 shares. The stock had previously closed at C$2.58.

Bragg Gaming Group Stock Down 14.0%

The firm has a market cap of C$56.77 million, a price-to-earnings ratio of -6.94 and a beta of 0.18. The company has a current ratio of 0.94, a quick ratio of 1.05 and a debt-to-equity ratio of 10.64. The stock has a 50-day moving average of C$2.57 and a 200-day moving average of C$2.81.

Bragg Gaming Group (TSE:BRAG) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.08) earnings per share (EPS) for the quarter. Bragg Gaming Group had a negative return on equity of 9.91% and a negative net margin of 5.91%.The business had revenue of C$41.28 million for the quarter. As a group, sell-side analysts forecast that Bragg Gaming Group Inc. will post 0.0149271 EPS for the current fiscal year.

Bragg Gaming Group Company Profile

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a leading iGaming content and platform technology solutions provider serving online casino, sports betting and lottery operators with its proprietary, exclusive and aggregated casino games content, and its cutting-edge player account management (‘PAM’) and player engagement technology. Bragg Studios offer high-performing and passionately crafted casino game titles using the latest in data-driven insights from in-house brands including Wild Streak Gaming, Atomic Slot Lab and Indigo Magic.