Elys Game Technology (NASDAQ:ELYS) Announces Earnings Results

Elys Game Technology (NASDAQ:ELYS) released its quarterly earnings data on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04), MarketWatch Earnings reports. Elys Game Technology had a negative return on equity of 355.98% and a negative net margin of 40.96%.

Elys Game Technology Stock Performance

Shares of NASDAQ:ELYS opened at $0.16 on Tuesday. The business’s 50-day simple moving average is $0.32 and its 200 day simple moving average is $0.43. The company has a market cap of $6.35 million, a P/E ratio of -0.27 and a beta of 2.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.52 and a current ratio of 0.52. Elys Game Technology has a one year low of $0.11 and a one year high of $1.47.

Hedge Funds Weigh In On Elys Game Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of Elys Game Technology by 280.9% during the first quarter. Geode Capital Management LLC now owns 241,087 shares of the company’s stock valued at $124,000 after purchasing an additional 177,793 shares during the period. Renaissance Technologies LLC purchased a new stake in Elys Game Technology during the 2nd quarter worth $117,000. Millennium Management LLC lifted its holdings in Elys Game Technology by 112.5% in the 2nd quarter. Millennium Management LLC now owns 143,663 shares of the company’s stock worth $106,000 after buying an additional 76,070 shares in the last quarter. Northern Trust Corp acquired a new position in Elys Game Technology in the 1st quarter worth $65,000. Finally, State Street Corp boosted its position in Elys Game Technology by 264.5% in the 1st quarter. State Street Corp now owns 88,200 shares of the company’s stock valued at $45,000 after buying an additional 64,000 shares during the last quarter. Hedge funds and other institutional investors own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.00 price target (down from $2.00) on shares of Elys Game Technology in a research report on Wednesday, October 18th.

About Elys Game Technology

Elys Game Technology, Corp. provides business-to-consumer gaming services in the United States and Europe. The company offers betting platform software services to leisure betting establishments; and operates web based and land-based leisure betting establishments. Its gaming product offerings include sports betting; and online casino, such as online slot and table games, poker, bingo, skilled and interactive games, virtual sports betting, and horse racing.