Scientific Games Corp. (NASDAQ:SGMS) fell 3.4% during mid-day trading on Wednesday . The company traded as low as $8.84 and last traded at $8.93, with a volume of 390,076 shares trading hands. The stock had previously closed at $9.24.

Several equities research analysts recently weighed in on SGMS shares. Zacks Investment Research downgraded shares of Scientific Games Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Deutsche Bank AG reaffirmed a “hold” rating and set a $7.00 target price on shares of Scientific Games Corp. in a research note on Sunday, June 26th. Sterne Agee CRT reaffirmed a “buy” rating and set a $13.50 target price (down from $15.50) on shares of Scientific Games Corp. in a research note on Friday, May 6th. 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. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $6.00 target price on shares of Scientific Games Corp. in a research note on Friday, May 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Scientific Games Corp. presently has an average rating of “Hold” and a consensus price target of $11.29.

The company’s market capitalization is $771.95 million. The stock’s 50-day moving average is $9.77 and its 200 day moving average is $8.92.

Scientific Games Corp. (NASDAQ:SGMS) last released its earnings results on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.81) by $0.22. During the same period in the prior year, the business posted ($1.19) earnings per share. The company earned $729.20 million during the quarter, compared to analyst estimates of $708.84 million. On average, equities analysts expect that Scientific Games Corp. will post ($3.27) earnings per share for the current year.

A hedge fund recently raised its stake in Scientific Games Corp. stock. Morgan Stanley increased its stake in Scientific Games Corp. (NASDAQ:SGMS) by 32.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,224,805 shares of the company’s stock after buying an additional 300,998 shares during the period. Morgan Stanley owned 1.42% of Scientific Games Corp. worth $10,987,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.