NTN Buzztime (NTN) Rating Lowered to Hold at Zacks Investment Research
NTN Buzztime (NYSEAMERICAN:NTN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants. “
NTN Buzztime (NTN) opened at $4.00 on Wednesday. The firm has a market capitalization of $10.61, a P/E ratio of -10.00 and a beta of 0.38. NTN Buzztime has a 1-year low of $3.01 and a 1-year high of $9.93.
In other news, major shareholder Awm Investment Company, Inc. sold 22,835 shares of NTN Buzztime stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $5.11, for a total value of $116,686.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders bought 10,752 shares of company stock valued at $42,798.
A hedge fund recently raised its stake in NTN Buzztime stock. Vanguard Group Inc. lifted its stake in NTN Buzztime Inc (NYSEAMERICAN:NTN) by 25.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,610 shares of the company’s stock after purchasing an additional 3,606 shares during the quarter. Vanguard Group Inc. owned about 0.70% of NTN Buzztime worth $120,000 at the end of the most recent reporting period.
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About NTN Buzztime
NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.
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