Galaxy Gaming (OTCMKTS:GLXZ) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Galaxy Gaming Inc. (OTCMKTS:GLXZ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.77 and traded as low as $1.72. Galaxy Gaming shares last traded at $1.79, with a volume of 50,750 shares traded.

Galaxy Gaming Price Performance

The stock’s 50 day simple moving average is $1.69 and its two-hundred day simple moving average is $1.76. The stock has a market capitalization of $41.66 million, a PE ratio of 8.76 and a beta of 0.40.

Galaxy Gaming declared that its board has approved a stock repurchase plan on Wednesday, July 22nd that permits the company to repurchase $4.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 10.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Galaxy Gaming Company Profile

Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.

The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime 21, EZ Baccarat and EZ Pai Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.