Elys BMG Group Target of Unusually High Options Trading (NASDAQ:ELYS)

Elys BMG Group, Inc. (NASDAQ:ELYSGet Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders bought 542 put options on the company. This represents an increase of 885% compared to the typical daily volume of 55 put options.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.00 price objective on shares of Elys BMG Group in a research report on Monday, November 27th.

Get Our Latest Stock Analysis on ELYS

Elys BMG Group Trading Up 5.5 %

Shares of ELYS opened at $0.17 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $0.18 and a 200-day simple moving average of $0.24. Elys BMG Group has a 1-year low of $0.11 and a 1-year high of $0.77. The stock has a market cap of $6.45 million, a price-to-earnings ratio of -0.30 and a beta of 2.73.

Hedge Funds Weigh In On Elys BMG Group

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Elys BMG Group by 132.5% in the 1st quarter. Royal Bank of Canada now owns 14,828 shares of the company’s stock worth $35,000 after buying an additional 8,450 shares in the last quarter. State Street Corp acquired a new stake in Elys BMG Group during the first quarter valued at approximately $42,000. Northern Trust Corp acquired a new stake in Elys BMG Group during the first quarter valued at approximately $65,000. Millennium Management LLC raised its holdings in shares of Elys BMG Group by 112.5% during the second quarter. Millennium Management LLC now owns 143,663 shares of the company’s stock valued at $106,000 after acquiring an additional 76,070 shares during the period. Finally, UBS Group AG lifted its position in Elys BMG Group by 668.6% in the 4th quarter. UBS Group AG now owns 118,745 shares of the company’s stock worth $33,000 after buying an additional 103,295 shares in the last quarter. Institutional investors and hedge funds own 1.46% of the company’s stock.

Elys BMG Group Company Profile

(Get Free Report)

Elys BMG Group, Inc engages in the provision of 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.

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