Multimedia Games Holding Company Stock Rating Upgraded by Zacks (MGAM)
Multimedia Games Holding Company (NASDAQ:MGAM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The firm currently has a $30.70 target price on the stock. Zacks‘s target price points to a potential upside of 5.75% from the stock’s previous close.
A number of other firms have also recently commented on MGAM. Analysts at Stifel initiated coverage on shares of Multimedia Games Holding Company 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 Company in a research note on Monday, June 2nd. They set a “buy” rating and a $36.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating, Multimedia Games Holding Company has an average rating of “Buy” and an average target price of $35.45.
Shares of Multimedia Games Holding Company (NASDAQ:MGAM) traded down 0.21% during mid-day trading on Tuesday, hitting $28.97. The stock had a trading volume of 134,037 shares. Multimedia Games Holding Company has a one year low of $23.81 and a one year high of $40.15. The stock’s 50-day moving average is $28.69 and its 200-day moving average is $29.99. The company has a market cap of $857.9 million and a P/E ratio of 23.06.
Multimedia Games Holding Company (NASDAQ:MGAM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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. Multimedia Games Holding Company’s revenue was up 24.9% compared to the same quarter last year. Analysts expect that Multimedia Games Holding Company will post $1.30 EPS for the current fiscal year.
In other Multimedia Games Holding Company news, CEO Patrick J. Ramsey unloaded 1,060 shares of the company’s 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Multimedia Games Holding Company, Inc (NASDAQ:MGAM) is engaged in designing, manufacturing and supplying gaming machines and systems to commercial and Native American casino operators in North America, as well as, domestic and selected international lottery operators, and commercial bingo gaming facility operators.
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