GameSquare (NASDAQ:GAME) Earns Sell (E+) Rating from Weiss Ratings

GameSquare (NASDAQ:GAME)‘s stock had its “sell (e+)” rating reissued by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

GameSquare Trading Up 1.0%

GAME stock opened at $0.82 on Wednesday. The company has a market cap of $80.90 million, a P/E ratio of -0.68 and a beta of 0.74. GameSquare has a twelve month low of $0.50 and a twelve month high of $2.87. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $0.79 and a 200-day moving average of $0.85.

GameSquare (NASDAQ:GAME) last released its earnings results on Thursday, August 14th. The entertainment company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The firm had revenue of $15.85 million for the quarter, compared to the consensus estimate of $22.00 million. GameSquare had a negative return on equity of 275.13% and a negative net margin of 46.12%.

Institutional Investors Weigh In On GameSquare

A number of institutional investors and hedge funds have recently made changes to their positions in the company. United Capital Management of KS Inc. raised its position in shares of GameSquare by 57.1% during the first quarter. United Capital Management of KS Inc. now owns 55,000 shares of the entertainment company’s stock worth $33,000 after acquiring an additional 20,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after purchasing an additional 41,196 shares during the last quarter. XTX Topco Ltd bought a new stake in GameSquare in the second quarter valued at about $38,000. Finally, FNY Investment Advisers LLC bought a new stake in GameSquare in the second quarter valued at about $108,000. Institutional investors own 64.25% of the company’s stock.

GameSquare Company Profile

GameSquare Holdings, Inc operates as a vertically integrated digital media, entertainment, and technology company. Its platform to connect with gaming and youth culture audiences. The company’s end-to-end platform includes Code Red Esports Ltd., an esports talent agency; GCN, a digital media company focusing on the gaming and esports audience; Zoned, a gaming and lifestyle marketing agency; Complexity Gaming, a esports organization operating; Fourth Frame Studios, a creative production studio; and Mission Supply, a merchandise and consumer products business; Frankly Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik a social influencer marketing platform.