NeoGames (NASDAQ:NGMS) Sets New 1-Year High at $29.23

Shares of NeoGames S.A. (NASDAQ:NGMS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.23 and last traded at $29.23, with a volume of 126584 shares. The stock had previously closed at $29.01.

NeoGames Stock Up 0.0 %

The firm has a fifty day moving average price of $28.58 and a 200-day moving average price of $27.77. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 1.61. The firm has a market cap of $980.96 million, a price-to-earnings ratio of -54.26 and a beta of 1.14.

NeoGames (NASDAQ:NGMS) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. NeoGames had a positive return on equity of 9.15% and a negative net margin of 9.54%. The business had revenue of $47.76 million for the quarter, compared to analysts’ expectations of $57.95 million. As a group, sell-side analysts forecast that NeoGames S.A. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NGMS. Swiss National Bank boosted its holdings in NeoGames by 7.0% in the first quarter. Swiss National Bank now owns 24,300 shares of the company’s stock valued at $375,000 after acquiring an additional 1,600 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in NeoGames by 226.1% in the first quarter. JPMorgan Chase & Co. now owns 76,555 shares of the company’s stock valued at $1,181,000 after acquiring an additional 53,076 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in NeoGames by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 23,943 shares of the company’s stock valued at $369,000 after acquiring an additional 1,482 shares during the last quarter. BlackRock Inc. boosted its holdings in NeoGames by 3.6% in the first quarter. BlackRock Inc. now owns 679,951 shares of the company’s stock valued at $10,492,000 after acquiring an additional 23,320 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in NeoGames in the first quarter valued at $1,296,000. Institutional investors and hedge funds own 29.73% of the company’s stock.

NeoGames Company Profile

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.