Scientific Games Corp. (NASDAQ:SGMS)’s share price dropped 2.4% during trading on Tuesday . The stock traded as low as $8.94 and last traded at $9.04, with a volume of 240,373 shares changing hands. The stock had previously closed at $9.26.

A number of equities research analysts have recently weighed in on the stock. Bank of America Corp. restated a “sell” rating and issued a $6.00 price objective on shares of Scientific Games Corp. in a report on Friday, May 6th. Zacks Investment Research lowered shares of Scientific Games Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Goldman Sachs Group Inc. restated a “sell” rating and issued a $5.70 price objective (up from $5.00) on shares of Scientific Games Corp. in a report on Thursday, May 26th. Telsey Advisory Group reduced their price objective on shares of Scientific Games Corp. from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Friday, May 6th. Finally, Sterne Agee CRT restated a “buy” rating and issued a $13.50 price objective (down from $15.50) on shares of Scientific Games Corp. in a report on Friday, May 6th. Two 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. The stock has a consensus rating of “Hold” and a consensus price target of $11.29.

The company has a 50 day moving average of $9.71 and a 200 day moving average of $9.01. The company’s market cap is $786.83 million.

Scientific Games Corp. (NASDAQ:SGMS) last released its quarterly earnings data on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.22. The business had revenue of $729.20 million for the quarter, compared to analysts’ expectations of $708.84 million. During the same quarter in the prior year, the firm earned ($1.19) earnings per share. Equities research analysts predict that Scientific Games Corp. will post ($3.22) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Scientific Games Corp. stock. Morgan Stanley raised its stake in Scientific Games Corp. (NASDAQ:SGMS) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,224,805 shares of the company’s stock after buying an additional 300,998 shares during the period. Morgan Stanley owned about 1.42% of Scientific Games Corp. worth $10,987,000 as of its most recent SEC filing.

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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