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.
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.
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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.
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