Multimedia Games Holding Co. CEO Patrick J. Ramsey Sells 1,060 Shares (MGAM)
Multimedia Games Holding Co. (NASDAQ:MGAM) CEO Patrick J. Ramsey sold 1,060 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $28.58, for a total transaction of $30,294.80. Following the completion of the transaction, the chief executive officer now directly owns 78,940 shares of the company’s stock, valued at approximately $2,256,105. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Multimedia Games Holding Co. (NASDAQ:MGAM) traded up 1.86% during mid-day trading on Wednesday, hitting $29.10. The stock had a trading volume of 180,295 shares. Multimedia Games Holding Co. has a 52-week low of $23.81 and a 52-week high of $40.15. The stock’s 50-day moving average is $28.53 and its 200-day moving average is $29.98. The company has a market cap of $861.7 million and a price-to-earnings ratio of 22.69.
Multimedia Games Holding Co. (NASDAQ:MGAM) last released its earnings data on Wednesday, April 30th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $58.20 million for the quarter, compared to the consensus estimate of $53.70 million. The company’s quarterly revenue was up 24.9% on a year-over-year basis. Analysts expect that Multimedia Games Holding Co. will post $1.31 EPS for the current fiscal year.
A number of analysts have recently weighed in on MGAM shares. Analysts at Stifel initiated coverage on shares of Multimedia Games Holding Co. in a research note on Tuesday, June 3rd. They set a “buy” rating and a $36.00 price target on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Multimedia Games Holding Co. in a research note on Monday, June 2nd. They set a “buy” rating and a $36.00 price target on the stock. Seven analysts have rated the stock with a buy rating, Multimedia Games Holding Co. currently has an average rating of “Buy” and a consensus price target of $36.53.
Multimedia Games Holding Company, Inc, formerly Multimedia Games, Inc, designs, manufactures and supplies gaming machines and systems to casino operators in North America, domestic and selected international lottery operators, and commercial bingo gaming facility operators.
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