Snail (NASDAQ:SNAL) Upgraded at Zacks Research

Zacks Research upgraded shares of Snail (NASDAQ:SNAL) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snail in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Snail has a consensus rating of “Reduce”.

Snail Trading Down 1.1%

Snail stock opened at $0.61 on Tuesday. The stock has a 50 day moving average of $0.78 and a two-hundred day moving average of $0.91. Snail has a twelve month low of $0.58 and a twelve month high of $2.38. The stock has a market capitalization of $22.95 million, a price-to-earnings ratio of -0.89 and a beta of 0.55.

Institutional Investors Weigh In On Snail

A number of large investors have recently added to or reduced their stakes in SNAL. Connective Capital Management LLC acquired a new position in Snail during the third quarter worth about $158,000. Magnus Financial Group LLC acquired a new position in shares of Snail in the fourth quarter valued at approximately $99,000. Evergreen Capital Management LLC acquired a new position in Snail in the second quarter valued at $59,000. Finally, Susquehanna International Group LLP grew its holdings in shares of Snail by 63.3% during the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after purchasing an additional 11,601 shares during the period. 0.36% of the stock is owned by institutional investors and hedge funds.

About Snail

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.