Motorsport Games (NASDAQ:MSGM) Posts Earnings Results

Motorsport Games (NASDAQ:MSGM) issued its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. Motorsport Games had a net margin of 34.24% and a return on equity of 117.87%. The firm had revenue of $3.10 million during the quarter.

Motorsport Games Trading Up 70.8%

NASDAQ:MSGM traded up $1.55 during trading hours on Friday, hitting $3.74. 105,484,001 shares of the stock were exchanged, compared to its average volume of 741,197. The firm’s fifty day moving average price is $2.65 and its 200 day moving average price is $2.84. Motorsport Games has a 52-week low of $0.73 and a 52-week high of $4.87. The company has a market cap of $21.62 million, a P/E ratio of 9.35 and a beta of 1.79.

Wall Street Analyst Weigh In

MSGM has been the subject of a number of recent research reports. Wall Street Zen upgraded Motorsport Games to a “buy” rating in a research note on Saturday, July 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Motorsport Games in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Motorsport Games Company Profile

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.