GAN (NASDAQ:GAN) Trading Up 0.6% – Here’s What Happened

Shares of GAN Limited (NASDAQ:GAN) were up 0.6% on Tuesday . The company traded as high as $1.82 and last traded at $1.80. Approximately 88,340 shares changed hands during trading, a decline of 47% from the average daily volume of 165,942 shares. The stock had previously closed at $1.79.

GAN Stock Performance

The firm’s 50 day moving average is $1.78 and its 200 day moving average is $1.57. The stock has a market cap of $81.39 million, a P/E ratio of -3.45 and a beta of 2.01.

GAN (NASDAQ:GAN) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.04) EPS for the quarter. The business had revenue of $35.56 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in GAN in the 2nd quarter worth approximately $479,000. Renaissance Technologies LLC lifted its stake in shares of GAN by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after purchasing an additional 22,700 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its holdings in GAN by 17.2% during the second quarter. Clear Harbor Asset Management LLC now owns 77,099 shares of the company’s stock worth $114,000 after buying an additional 11,299 shares in the last quarter. 16.67% of the stock is currently owned by hedge funds and other institutional investors.

GAN Company Profile

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.