Galaxy Gaming (OTCMKTS:GLXZ) to Repurchase $4.00 million in Outstanding Shares

Galaxy Gaming (OTCMKTS:GLXZ) announced that its board has initiated a share repurchase plan on Wednesday, July 22nd, RTT News reports. The company plans to repurchase $4.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Galaxy Gaming Stock Performance

Shares of OTCMKTS:GLXZ opened at $1.64 on Friday. The business’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $1.95. The stock has a market cap of $41.57 million, a PE ratio of 8.63 and a beta of 0.42. Galaxy Gaming has a one year low of $1.42 and a one year high of $3.00.

Galaxy Gaming Company Profile

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.