NeoGames (NASDAQ:NGMS) Hits New 52-Week High at $29.47

NeoGames S.A. (NASDAQ:NGMS)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.47 and last traded at $29.45, with a volume of 339646 shares changing hands. The stock had previously closed at $29.45.

NeoGames Price Performance

The company has a debt-to-equity ratio of 1.61, a current ratio of 1.13 and a quick ratio of 1.10. The company has a 50-day moving average price of $28.81 and a 200-day moving average price of $27.90. The firm has a market capitalization of $985.99 million, a PE ratio of -54.54 and a beta of 1.14.

NeoGames (NASDAQ:NGMS) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. NeoGames had a positive return on equity of 9.15% and a negative net margin of 9.54%. The business had revenue of $47.76 million for the quarter, compared to the consensus estimate of $57.95 million. Sell-side analysts forecast that NeoGames S.A. will post 0.13 EPS for the current year.

Institutional Trading of NeoGames

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC purchased a new position in NeoGames during the fourth quarter worth about $52,000. Yarra Square Partners LP purchased a new position in NeoGames during the fourth quarter worth about $286,000. Citigroup Inc. lifted its position in NeoGames by 7.1% during the third quarter. Citigroup Inc. now owns 10,606 shares of the company’s stock worth $286,000 after buying an additional 703 shares during the period. Wasatch Advisors LP lifted its position in NeoGames by 32.7% during the fourth quarter. Wasatch Advisors LP now owns 13,260 shares of the company’s stock worth $380,000 after buying an additional 3,268 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in NeoGames by 3.9% during the third quarter. Gamco Investors INC. ET AL now owns 13,511 shares of the company’s stock worth $365,000 after buying an additional 511 shares during the period. 29.73% of the stock is currently owned by hedge funds and other institutional investors.

NeoGames Company Profile

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.