Elys Game Technology (NASDAQ:ELYS) Given New $2.00 Price Target at HC Wainwright

Elys Game Technology (NASDAQ:ELYSGet Rating) had its target price lowered by HC Wainwright from $3.00 to $2.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.

Separately, Maxim Group decreased their target price on Elys Game Technology from $5.00 to $2.00 and set a buy rating on the stock in a research note on Tuesday, August 23rd.

Elys Game Technology Price Performance

ELYS opened at $0.46 on Tuesday. The stock’s 50-day moving average price is $0.65 and its 200 day moving average price is $1.23. Elys Game Technology has a 12-month low of $0.43 and a 12-month high of $5.35. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The firm has a market cap of $12.25 million, a price-to-earnings ratio of -0.58 and a beta of 3.89.

Elys Game Technology (NASDAQ:ELYSGet Rating) last posted its earnings results on Tuesday, August 16th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Elys Game Technology had a negative return on equity of 153.29% and a negative net margin of 42.69%. The firm had revenue of $10.35 million for the quarter, compared to analyst estimates of $14.02 million. As a group, sell-side analysts expect that Elys Game Technology will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On Elys Game Technology

Hedge funds have recently bought and sold shares of the stock. Resources Investment Advisors LLC. acquired a new stake in Elys Game Technology in the 4th quarter valued at about $30,000. Royal Bank of Canada increased its holdings in shares of Elys Game Technology by 132.5% in the 1st quarter. Royal Bank of Canada now owns 14,828 shares of the company’s stock valued at $35,000 after acquiring an additional 8,450 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Elys Game Technology in the 4th quarter valued at about $39,000. State Street Corp purchased a new position in shares of Elys Game Technology in the 1st quarter valued at about $42,000. Finally, Northern Trust Corp purchased a new position in shares of Elys Game Technology in the 1st quarter valued at about $65,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

About Elys Game Technology

(Get Rating)

Elys Game Technology, Corp. provides online and land-based gaming services in Europe and North America. It offers lottery, online casino games, sports betting, poker, bingo, virtual sports betting, and horse racing, as well as skilled and interactive games and slots; virtual sports products; and operates betting platform software services for leisure betting establishments.

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