Galaxy Gaming (OTCMKTS:GLXZ) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Galaxy Gaming Inc. (OTCMKTS:GLXZ)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.74 and traded as low as $1.60. Galaxy Gaming shares last traded at $1.60, with a volume of 62,729 shares.

Galaxy Gaming Price Performance

The company’s fifty day moving average price is $1.68 and its two-hundred day moving average price is $1.74. The company has a market cap of $40.04 million, a price-to-earnings ratio of 8.42 and a beta of 0.40.

Galaxy Gaming declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 22nd that allows the company to repurchase $4.00 million in shares. This repurchase authorization allows the company to buy up to 10.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

About Galaxy Gaming

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.