Shares of Scientific Games Corp. (NASDAQ:SGMS) dropped 1.8% on Thursday . The company traded as low as $8.36 and last traded at $8.38, with a volume of 197,570 shares. The stock had previously closed at $8.53.

SGMS has been the topic of a number of analyst reports. Sterne Agee CRT reaffirmed a “buy” rating and set a $13.50 target price (down previously from $15.50) on shares of Scientific Games Corp. in a report on Friday, May 6th. Zacks Investment Research raised shares of Scientific Games Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and set a $7.00 target price on shares of Scientific Games Corp. in a report on Sunday, June 26th. Telsey Advisory Group decreased their target price 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, Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $5.70 target price (up previously from $5.00) on shares of Scientific Games Corp. in a report on Thursday, May 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $11.02.

The company has a 50-day moving average price of $9.66 and a 200 day moving average price of $9.15. The company’s market cap is $746.57 million.

Scientific Games Corp. (NASDAQ:SGMS) last posted its quarterly earnings data on Friday, August 5th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.22. During the same period in the previous year, the business posted ($1.19) EPS. The business earned $729.20 million during the quarter, compared to analysts’ expectations of $708.84 million. On average, equities research analysts expect 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. Schwab Charles Investment Management Inc. raised its position in Scientific Games Corp. (NASDAQ:SGMS) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,588 shares of the company’s stock after buying an additional 6,001 shares during the period. Schwab Charles Investment Management Inc. owned 0.21% of Scientific Games Corp. worth $1,638,000 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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