Gamehaus (NASDAQ:GMHS) Shares Down 2% – Should You Sell?

Shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) traded down 2% on Thursday . The company traded as low as $0.85 and last traded at $0.8510. 7,538 shares traded hands during trading, a decline of 87% from the average daily volume of 56,941 shares. The stock had previously closed at $0.8683.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Gamehaus from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Gamehaus Stock Down 2.0%

The stock has a market capitalization of $45.59 million, a PE ratio of 8.51 and a beta of 0.56. The stock’s 50 day moving average price is $0.93 and its 200-day moving average price is $0.97.

Gamehaus (NASDAQ:GMHS) last released its earnings results on Monday, June 8th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $26.22 million for the quarter. Gamehaus had a net margin of 4.52% and a return on equity of 14.41%. During the same quarter last year, the firm posted $0.01 EPS.

Hedge Funds Weigh In On Gamehaus

A hedge fund recently bought a new position in Gamehaus stock. Virtu Financial LLC acquired a new position in Gamehaus Holdings Inc. (NASDAQ:GMHS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned 0.05% of Gamehaus as of its most recent SEC filing. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About Gamehaus

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