Gamehaus (NASDAQ:GMHS) Trading 4% Higher – Still a Buy?

Shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) rose 4% on Thursday . The stock traded as high as $1.03 and last traded at $1.03. Approximately 2,227 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 14,486 shares. The stock had previously closed at $0.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Gamehaus in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Gamehaus Stock Up 4.0%

The firm has a 50 day moving average of $1.03 and a 200 day moving average of $1.32. The firm has a market cap of $55.18 million, a PE ratio of 14.71 and a beta of 0.26.

Gamehaus (NASDAQ:GMHS) last released its earnings results on Tuesday, November 25th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $27.73 million during the quarter.

Institutional Investors Weigh In On Gamehaus

An institutional investor recently bought a new position in Gamehaus stock. Virtu Financial LLC bought a new position in Gamehaus Holdings Inc. (NASDAQ:GMHS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 SEC filing. Institutional investors and hedge funds own 63.69% of the company’s stock.

Gamehaus Company Profile

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