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 traded hands 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 Performance

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NGMS. Gamco Investors INC. ET AL raised its position in shares of NeoGames by 3.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 13,511 shares of the company’s stock worth $365,000 after acquiring an additional 511 shares in the last quarter. Legal & General Group Plc raised its position in shares of NeoGames by 6.3% in the 4th quarter. Legal & General Group Plc now owns 10,180 shares of the company’s stock worth $291,000 after acquiring an additional 600 shares in the last quarter. Citigroup Inc. raised its position in shares of NeoGames by 7.1% in the 3rd quarter. Citigroup Inc. now owns 10,606 shares of the company’s stock worth $286,000 after acquiring an additional 703 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NeoGames by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,820 shares of the company’s stock worth $364,000 after acquiring an additional 895 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of NeoGames by 19.8% in the 2nd quarter. American International Group Inc. now owns 6,153 shares of the company’s stock worth $83,000 after acquiring an additional 1,018 shares in the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

NeoGames Company Profile

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.