Brightstar Lottery (NYSE:BRSL) Reaches New 52-Week Low – What’s Next?

Brightstar Lottery (NYSE:BRSL)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $13.31 and last traded at $13.42, with a volume of 1208918 shares changing hands. The stock had previously closed at $13.45.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial raised shares of Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Weiss Ratings assumed coverage on Brightstar Lottery in a report on Tuesday, February 3rd. They issued a “hold (c-)” rating on the stock. Finally, Stifel Nicolaus set a $20.00 price objective on Brightstar Lottery in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Brightstar Lottery currently has a consensus rating of “Buy” and a consensus price target of $20.00.

Brightstar Lottery Trading Down 0.7%

The company has a current ratio of 0.74, a quick ratio of 0.70 and a debt-to-equity ratio of 3.00. The firm has a market capitalization of $2.72 billion, a P/E ratio of 8.93 and a beta of 1.07.

Hedge Funds Weigh In On Brightstar Lottery

Several hedge funds and other institutional investors have recently bought and sold shares of BRSL. NewEdge Advisors LLC bought a new position in Brightstar Lottery during the 4th quarter valued at $32,000. Empowered Funds LLC acquired a new stake in shares of Brightstar Lottery in the 4th quarter valued at about $57,000. XTX Topco Ltd bought a new position in shares of Brightstar Lottery during the fourth quarter worth about $2,799,000. Voloridge Investment Management LLC acquired a new position in Brightstar Lottery in the fourth quarter worth about $2,278,000. Finally, Tudor Investment Corp ET AL acquired a new position in Brightstar Lottery in the fourth quarter worth about $623,000. 44.33% of the stock is owned by institutional investors and hedge funds.

About Brightstar Lottery

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.