NeoGames (NASDAQ:NGMS) Hits New 52-Week High at $29.47

Shares of NeoGames S.A. (NASDAQ:NGMS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.47 and last traded at $29.45, with a volume of 339646 shares traded. The stock had previously closed at $29.45.

NeoGames Price Performance

The company has a market cap of $985.99 million, a PE ratio of -54.54 and a beta of 1.14. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a 50 day moving average of $28.81 and a 200-day moving average of $27.90.

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

Institutional Investors Weigh In On NeoGames

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NGMS. ARK Investment Management LLC acquired a new stake in NeoGames during the 3rd quarter worth about $2,079,000. Olympiad Research LP grew its position in shares of NeoGames by 25.0% during the 3rd quarter. Olympiad Research LP now owns 45,788 shares of the company’s stock valued at $1,236,000 after acquiring an additional 9,158 shares during the period. Privium Fund Management UK Ltd acquired a new stake in shares of NeoGames during the 3rd quarter valued at about $893,000. Trium Capital LLP acquired a new stake in shares of NeoGames during the 3rd quarter valued at about $6,819,000. Finally, Alpine Associates Management Inc. grew its position in shares of NeoGames by 14.9% during the 3rd quarter. Alpine Associates Management Inc. now owns 999,628 shares of the company’s stock valued at $26,990,000 after acquiring an additional 129,840 shares during the period. 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.