NTN Buzztime (NTN) Cut to Hold at Zacks Investment Research

NTN Buzztime (NYSEAMERICAN:NTN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants. “

NTN Buzztime (NYSEAMERICAN NTN) traded down $0.03 during mid-day trading on Wednesday, reaching $4.18. The company’s stock had a trading volume of 1,700 shares, compared to its average volume of 1,450. The firm has a market cap of $10.61, a price-to-earnings ratio of -10.45 and a beta of 0.38. NTN Buzztime has a 52 week low of $3.01 and a 52 week high of $9.93.

In other NTN Buzztime news, major shareholder Awm Investment Company, Inc. sold 10,774 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $5.13, for a total value of $55,270.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 10,752 shares of company stock worth $42,798 in the last ninety days.

An institutional investor recently bought a new position in NTN Buzztime stock. AWM Investment Company Inc. bought a new stake in NTN Buzztime Inc (NYSEAMERICAN:NTN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 324,191 shares of the company’s stock, valued at approximately $2,204,000. AWM Investment Company Inc. owned about 12.89% of NTN Buzztime at the end of the most recent quarter.

TRADEMARK VIOLATION NOTICE: “NTN Buzztime (NTN) Cut to Hold at Zacks Investment Research” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/03/ntn-buzztime-ntn-cut-to-hold-at-zacks-investment-research.html.

NTN Buzztime Company Profile

NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.

Get a free copy of the Zacks research report on NTN Buzztime (NTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NTN Buzztime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NTN Buzztime and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply