NeoGames (NASDAQ:NGMS) Sees Large Volume Increase

NeoGames S.A. (NASDAQ:NGMS) saw unusually-high trading volume on Wednesday . Approximately 13,161 shares traded hands during trading, a decline of 67% from the previous session’s volume of 39,506 shares.The stock last traded at $29.00 and had previously closed at $29.01.

NeoGames Stock Down 0.4 %

The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.61. The company’s fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $27.70.

NeoGames (NASDAQ:NGMS) last posted its earnings results on Wednesday, March 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. The firm had revenue of $47.76 million during the quarter, compared to the consensus estimate of $57.95 million. On average, research analysts forecast that NeoGames S.A. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On NeoGames

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of NeoGames by 6,940.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,750,983 shares of the company’s stock worth $27,018,000 after purchasing an additional 1,726,113 shares during the last quarter. FMR LLC boosted its stake in shares of NeoGames by 8.7% during the 1st quarter. FMR LLC now owns 1,695,899 shares of the company’s stock worth $25,778,000 after purchasing an additional 136,339 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of NeoGames by 25.5% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 1,265,367 shares of the company’s stock worth $19,234,000 after purchasing an additional 256,745 shares during the last quarter. Alpine Associates Management Inc. boosted its stake in shares of NeoGames by 24.6% during the 4th quarter. Alpine Associates Management Inc. now owns 1,245,528 shares of the company’s stock worth $35,659,000 after purchasing an additional 245,900 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of NeoGames by 7.4% during the 1st quarter. BlackRock Inc. now owns 901,952 shares of the company’s stock worth $13,710,000 after purchasing an additional 62,462 shares during the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.

About NeoGames

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.