Bragg Gaming Group (NASDAQ:BRAG) Stock Price Down 1.4% – What’s Next?

Bragg Gaming Group Inc. (NASDAQ:BRAG) shares traded down 1.4% on Thursday . The stock traded as low as $4.83 and last traded at $4.87. 11,391 shares were traded during mid-day trading, a decline of 74% from the average session volume of 44,665 shares. The stock had previously closed at $4.94.

Bragg Gaming Group Price Performance

The stock’s 50 day simple moving average is $5.07 and its two-hundred day simple moving average is $5.61. The company has a market capitalization of $121.49 million, a P/E ratio of -20.29 and a beta of 0.92.

Bragg Gaming Group (NASDAQ:BRAG) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $26.76 million during the quarter. Bragg Gaming Group had a negative return on equity of 11.42% and a negative net margin of 8.51%. As a group, equities research analysts expect that Bragg Gaming Group Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Bragg Gaming Group

Several large investors have recently made changes to their positions in BRAG. Dimensional Fund Advisors LP bought a new stake in Bragg Gaming Group during the 2nd quarter worth about $200,000. Renaissance Technologies LLC grew its position in shares of Bragg Gaming Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after buying an additional 36,100 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Bragg Gaming Group during the second quarter worth approximately $77,000. Institutional investors and hedge funds own 4.04% of the company’s stock.

Bragg Gaming Group Company Profile

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator 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 player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.