Scientific Games Corp. (NASDAQ:SGMS) fell 1.7% during mid-day trading on Monday . The company traded as low as $10.00 and last traded at $10.13, with a volume of 189,073 shares trading hands. The stock had previously closed at $10.31.

A number of research firms have recently issued reports on SGMS. Zacks Investment Research downgraded shares of Scientific Games Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $7.00 price target on shares of Scientific Games Corp. in a research note on Sunday, June 26th. Telsey Advisory Group reduced their price target on shares of Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Friday, May 6th. Sterne Agee CRT reissued a “buy” rating and issued a $13.50 price target (down from $15.50) on shares of Scientific Games Corp. in a research note on Friday, May 6th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $5.70 target price (up from $5.00) on shares of Scientific Games Corp. in a research note on Thursday, May 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Scientific Games Corp. presently has a consensus rating of “Hold” and a consensus price target of $11.29.

The stock’s market cap is $879.75 million. The company’s 50 day moving average price is $9.61 and its 200 day moving average price is $8.58.

Scientific Games Corp. (NASDAQ:SGMS) last released its quarterly earnings results on Thursday, May 5th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.97) by $0.10. The business had revenue of $682 million for the quarter, compared to the consensus estimate of $693.88 million. During the same quarter in the prior year, the company earned ($1.01) earnings per share. On average, analysts anticipate that Scientific Games Corp. will post ($3.29) earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in SGMS. Russell Frank Co boosted its stake in Scientific Games Corp. by 33.1% in the fourth quarter. Russell Frank Co now owns 220,195 shares of the company’s stock valued at $1,956,000 after buying an additional 54,706 shares in the last quarter. Gabelli Funds LLC boosted its stake in Scientific Games Corp. by 5.3% in the fourth quarter. Gabelli Funds LLC now owns 345,000 shares of the company’s stock valued at $3,095,000 after buying an additional 17,500 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Scientific Games Corp. by 32.6% in the fourth quarter. Morgan Stanley now owns 1,224,805 shares of the company’s stock valued at $10,987,000 after buying an additional 300,998 shares in the last quarter.

Scientific Games Corporation is a developer of technology-based products and services, and associated content for the gaming, lottery and interactive gaming industries. The Company operates through three segments: Gaming, Lottery and Interactive. The Company’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.

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