Gamehaus (NASDAQ:GMHS) Shares Down 2% – Time to Sell?

Gamehaus Holdings Inc. (NASDAQ:GMHS)’s stock price traded down 2% during trading on Thursday . The stock traded as low as $0.85 and last traded at $0.8510. Approximately 7,538 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 56,941 shares. The stock had previously closed at $0.8683.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Gamehaus from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Gamehaus Price Performance

The company has a market cap of $46.60 million, a price-to-earnings ratio of 8.70 and a beta of 0.56. The stock has a 50-day moving average price of $0.93 and a 200 day moving average price of $0.97.

Gamehaus (NASDAQ:GMHS) last released its quarterly earnings data on Monday, June 8th. The company reported $0.01 earnings per share for the quarter. Gamehaus had a return on equity of 14.41% and a net margin of 4.52%.The business had revenue of $26.22 million for the quarter. During the same quarter last year, the firm earned $0.01 EPS.

Institutional Investors Weigh In On Gamehaus

A hedge fund recently bought a new position in Gamehaus stock. Virtu Financial LLC acquired a new stake in Gamehaus Holdings Inc. (NASDAQ:GMHS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned approximately 0.05% of Gamehaus at the end of the most recent quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

About Gamehaus

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.