GAN (NASDAQ:GAN) Shares Down 0.5% – Time to Sell?

Shares of GAN Limited (NASDAQ:GAN) fell 0.5% on Monday . The stock traded as low as $1.81 and last traded at $1.82. 321,749 shares were traded during trading, an increase of 87% from the average session volume of 171,604 shares. The stock had previously closed at $1.83.

GAN Stock Performance

The firm has a 50-day moving average of $1.80 and a 200-day moving average of $1.64. The firm has a market capitalization of $82.94 million, a P/E ratio of -6.07 and a beta of 2.01.

GAN (NASDAQ:GAN) last released its quarterly earnings data on Friday, November 8th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $37.10 million for the quarter.

Institutional Trading of GAN

Several large investors have recently modified their holdings of the business. Clear Harbor Asset Management LLC increased its position in GAN by 17.2% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 77,099 shares of the company’s stock valued at $114,000 after purchasing an additional 11,299 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of GAN during the 2nd quarter valued at about $479,000. Geode Capital Management LLC increased its position in shares of GAN by 2.2% during the third quarter. Geode Capital Management LLC now owns 436,926 shares of the company’s stock valued at $774,000 after buying an additional 9,260 shares during the period. Finally, Renaissance Technologies LLC raised its stake in GAN by 3.0% in the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock worth $1,147,000 after buying an additional 22,700 shares in the last quarter. 16.67% of the stock is owned by institutional investors.

About GAN

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.