Bragg Gaming Group (TSE:BRAG) Trading Down 4.3% – Here’s Why

Shares of Bragg Gaming Group Inc. (TSE:BRAG) dropped 4.3% during mid-day trading on Friday . The company traded as low as C$2.22 and last traded at C$2.25. Approximately 21,013 shares were traded during trading, a decline of 11% from the average daily volume of 23,623 shares. The stock had previously closed at C$2.35.

Bragg Gaming Group Trading Down 4.3%

The firm has a market capitalization of C$57.67 million, a PE ratio of -8.65 and a beta of 0.31. The business has a 50 day moving average price of C$2.56 and a 200-day moving average price of C$2.72. The company has a current ratio of 0.94, a quick ratio of 1.05 and a debt-to-equity ratio of 10.64.

Bragg Gaming Group (TSE:BRAG) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.08) earnings per share for the quarter. Bragg Gaming Group had a negative net margin of 6.27% and a negative return on equity of 10.44%. The firm had revenue of C$41.28 million during the quarter. Analysts expect that Bragg Gaming Group Inc. will post 0.0149271 earnings per share for the current year.

Bragg Gaming Group Company Profile

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a leading iGaming content and platform technology solutions provider serving online casino, sports betting and lottery operators with its proprietary, exclusive and aggregated casino games content, and its cutting-edge player account management (‘PAM’) and player engagement technology. Bragg Studios offer high-performing and passionately crafted casino game titles using the latest in data-driven insights from in-house brands including Wild Streak Gaming, Atomic Slot Lab and Indigo Magic.