Bragg Gaming Group Inc. (NASDAQ:BRAG – Get Free Report) shares traded down 4.7% on Thursday. The company traded as low as $0.9726 and last traded at $1.02. 42,256 shares were traded during trading, an increase of 394% from the average daily volume of 8,547 shares. The stock had previously closed at $1.07.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut shares of Bragg Gaming Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.
Read Our Latest Research Report on Bragg Gaming Group
Bragg Gaming Group Trading Down 4.7%
The business has a 50-day moving average of $1.29 and a 200 day moving average of $1.69. The firm has a market capitalization of $31.08 million, a P/E ratio of -2.83 and a beta of 0.77.
Bragg Gaming Group (NASDAQ:BRAG – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). Bragg Gaming Group had a negative return on equity of 12.70% and a negative net margin of 7.48%. The firm had revenue of $26.16 million during the quarter, compared to the consensus estimate of $26.72 million. As a group, research analysts forecast that Bragg Gaming Group Inc. will post -0.19 EPS for the current year.
Institutional Trading of Bragg Gaming Group
An institutional investor recently raised its position in Bragg Gaming Group stock. Royal Bank of Canada lifted its position in Bragg Gaming Group Inc. (NASDAQ:BRAG – Free Report) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,864 shares of the company’s stock after acquiring an additional 7,527 shares during the quarter. Royal Bank of Canada owned approximately 0.23% of Bragg Gaming Group worth $100,000 at the end of the most recent reporting period. Institutional investors own 4.04% of the company’s stock.
About Bragg Gaming Group
Bragg Gaming Group Inc is a business-to-business technology and content provider for the regulated online gaming industry. The company supplies iGaming operators with software, casino games, player-account management technology, sportsbook solutions and related services designed to support online casino and sports betting operations.
Bragg’s offerings include its proprietary online gaming platform, which can provide player management, payments, compliance tools, customer engagement features and operator back-office functionality.
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