NeoGames (NASDAQ:NGMS) Sees Large Volume Increase

Shares of NeoGames S.A. (NASDAQ:NGMS) saw an uptick in trading volume on Wednesday . 35,783 shares were traded during mid-day trading, a decline of 64% from the previous session’s volume of 100,054 shares.The stock last traded at $29.41 and had previously closed at $29.39.

NeoGames Stock Up 0.0 %

The firm’s 50-day simple moving average is $28.72 and its 200-day simple moving average is $27.84. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.10 and a current ratio of 1.13.

NeoGames (NASDAQ:NGMS) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. The business had revenue of $47.76 million during the quarter, compared to analyst estimates of $57.95 million. Sell-side analysts predict that NeoGames S.A. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of NeoGames

Several institutional investors have recently added to or reduced their stakes in NGMS. Swiss National Bank boosted its position in NeoGames by 7.0% during the first quarter. Swiss National Bank now owns 24,300 shares of the company’s stock valued at $375,000 after buying an additional 1,600 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of NeoGames by 226.1% during the first quarter. JPMorgan Chase & Co. now owns 76,555 shares of the company’s stock worth $1,181,000 after purchasing an additional 53,076 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of NeoGames by 6.6% during the first quarter. Bank of New York Mellon Corp now owns 23,943 shares of the company’s stock worth $369,000 after purchasing an additional 1,482 shares during the period. BlackRock Inc. boosted its holdings in shares of NeoGames by 3.6% during the first quarter. BlackRock Inc. now owns 679,951 shares of the company’s stock worth $10,492,000 after purchasing an additional 23,320 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of NeoGames during the first quarter worth about $1,296,000. 29.73% of the stock is currently owned by hedge funds and other institutional investors.

About NeoGames

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.