Gamehaus (NASDAQ:GMHS) Stock Price Down 1.4% – Here’s Why

Shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) were down 1.4% during mid-day trading on Tuesday. The company traded as low as $0.69 and last traded at $0.69. Approximately 6,110 shares were traded during mid-day trading, a decline of 83% from the average session volume of 35,386 shares. The stock had previously closed at $0.70.

Wall Street Analyst Weigh In

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

Gamehaus Stock Performance

The stock’s 50-day simple moving average is $0.77 and its 200 day simple moving average is $0.89. The company has a market capitalization of $35.61 million, a PE ratio of 7.39 and a beta of 0.61.

Gamehaus (NASDAQ:GMHS) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $24.33 million for the quarter. Gamehaus had a net margin of 4.39% and a return on equity of 12.53%.

About Gamehaus

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