Gamehaus (NASDAQ:GMHS) Posts Earnings Results

Gamehaus (NASDAQ:GMHS) posted its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $24.33 million for the quarter. Gamehaus had a return on equity of 14.41% and a net margin of 4.52%.

Gamehaus Price Performance

GMHS opened at $0.81 on Tuesday. The firm’s 50 day moving average is $0.83 and its 200-day moving average is $0.92. The firm has a market capitalization of $43.66 million, a P/E ratio of 8.15 and a beta of 0.61. Gamehaus has a 52-week low of $0.56 and a 52-week high of $2.45.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gamehaus stock. Virtu Financial LLC bought a new stake in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.05% of Gamehaus at the end of the most recent quarter. Institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Gamehaus from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gamehaus has a consensus rating of “Sell”.

Gamehaus Company Profile

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