Bragg Gaming Group Inc. (NASDAQ:BRAG – Get Free Report)’s share price was up 1.5% during trading on Tuesday . The company traded as high as $5.42 and last traded at $5.35. Approximately 15,217 shares changed hands during trading, a decline of 46% from the average daily volume of 28,189 shares. The stock had previously closed at $5.27.
Analyst Upgrades and Downgrades
Separately, JMP Securities upgraded Bragg Gaming Group from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a report on Friday, November 10th.
Bragg Gaming Group Stock Performance
Bragg Gaming Group (NASDAQ:BRAG – Get Free Report) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.14) EPS for the quarter. The company had revenue of $24.57 million for the quarter. Bragg Gaming Group had a negative return on equity of 5.48% and a negative net margin of 4.18%. As a group, research analysts anticipate that Bragg Gaming Group Inc. will post -0.05 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in BRAG. Jane Street Group LLC acquired a new position in Bragg Gaming Group during the 1st quarter worth $36,000. Renaissance Technologies LLC acquired a new stake in shares of Bragg Gaming Group in the second quarter valued at $50,000. Royal Bank of Canada lifted its holdings in shares of Bragg Gaming Group by 2,102.2% in the second quarter. Royal Bank of Canada now owns 27,395 shares of the company’s stock valued at $84,000 after buying an additional 26,151 shares during the period. Bank of Montreal Can acquired a new stake in shares of Bragg Gaming Group in the second quarter valued at $110,000. Finally, Susquehanna International Group LLP raised its position in shares of Bragg Gaming Group by 15.4% during the first quarter. Susquehanna International Group LLP now owns 50,052 shares of the company’s stock worth $178,000 after purchasing an additional 6,679 shares during the period. Institutional investors and hedge funds own 5.17% of the company’s stock.
About Bragg Gaming Group
Bragg Gaming Group Inc operates as an online gaming and content supplier to the gaming industry worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides content services from iGaming platform and turnkey gaming solution; and proprietary third-party gaming content, which delivers through a single integrated platform.
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