Gamehaus (NASDAQ:GMHS) Stock Price Down 2% – Should You Sell?

Gamehaus Holdings Inc. (NASDAQ:GMHS) traded down 2% during trading on Thursday . The company traded as low as $0.85 and last traded at $0.8510. 7,538 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 56,941 shares. The stock had previously closed at $0.8683.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Gamehaus from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Gamehaus Stock Performance

The company has a market capitalization of $45.59 million, a P/E ratio of 8.51 and a beta of 0.56. The business’s fifty day simple moving average is $0.93 and its 200-day simple moving average is $0.97.

Gamehaus (NASDAQ:GMHS) last released its quarterly earnings data on Monday, June 8th. The company reported $0.01 EPS for the quarter. Gamehaus had a net margin of 4.52% and a return on equity of 14.41%. The business had revenue of $26.22 million during the quarter. During the same period last year, the company earned $0.01 EPS.

Hedge Funds Weigh In On Gamehaus

An institutional investor recently bought a new position in Gamehaus stock. Virtu Financial LLC purchased a new stake in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned approximately 0.05% of Gamehaus at the end of the most recent reporting period. 63.69% of the stock is owned by institutional investors.

Gamehaus Company Profile

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.