Stock Buyback Program Announced by Galaxy Gaming (OTCMKTS:GLXZ) Board of Directors

Galaxy Gaming (OTCMKTS:GLXZ) declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 22nd, RTT News reports. The company plans to repurchase $4.00 million in shares. This repurchase authorization permits the company to buy up to 10.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Galaxy Gaming Price Performance

GLXZ opened at $1.63 on Friday. Galaxy Gaming has a 12 month low of $1.42 and a 12 month high of $3.00. The business has a 50-day moving average of $1.73 and a two-hundred day moving average of $1.95. The stock has a market capitalization of $41.32 million, a price-to-earnings ratio of 8.58 and a beta of 0.42.

About Galaxy Gaming

Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.

The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime 21, EZ Baccarat and EZ Pai Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.