Gamehaus (NASDAQ:GMHS) Trading Down 3.1% – What’s Next?

Gamehaus Holdings Inc. (NASDAQ:GMHS) traded down 3.1% during mid-day trading on Monday . The company traded as low as $0.6782 and last traded at $0.6974. 21,928 shares were traded during trading, an increase of 1% from the average daily volume of 21,654 shares. The stock had previously closed at $0.7199.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Gamehaus from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Gamehaus Stock Performance

The firm has a market cap of $38.46 million, a PE ratio of 7.18 and a beta of 0.60. The firm’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $0.94.

Gamehaus (NASDAQ:GMHS) last posted its earnings results on Monday, June 8th. The company reported $0.01 EPS for the quarter. Gamehaus had a net margin of 4.52% and a return on equity of 14.41%. The firm had revenue of $26.22 million for the quarter. During the same period last year, the business earned $0.01 earnings per share.

Institutional Trading of Gamehaus

A hedge fund recently bought a new stake in Gamehaus stock. Virtu Financial LLC bought a new stake in Gamehaus Holdings Inc. (NASDAQ:GMHS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.05% of Gamehaus as of its most recent filing with the Securities and Exchange Commission. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Gamehaus Company Profile

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.