NeoGames (NASDAQ:NGMS) Reaches New 52-Week High at $29.44

NeoGames S.A. (NASDAQ:NGMS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $29.44 and last traded at $29.40, with a volume of 361202 shares. The stock had previously closed at $29.25.

NeoGames Stock Performance

The company has a fifty day moving average price of $28.70 and a two-hundred day moving average price of $27.83. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.61.

NeoGames (NASDAQ:NGMS) last issued its earnings results on Wednesday, March 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $47.76 million during the quarter, compared to the consensus estimate of $57.95 million. NeoGames had a negative net margin of 9.54% and a positive return on equity of 9.15%. As a group, analysts expect that NeoGames S.A. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NeoGames

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in NeoGames by 6,940.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,750,983 shares of the company’s stock valued at $27,018,000 after acquiring an additional 1,726,113 shares in the last quarter. FMR LLC boosted its stake in NeoGames by 8.7% in the first quarter. FMR LLC now owns 1,695,899 shares of the company’s stock valued at $25,778,000 after acquiring an additional 136,339 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in NeoGames by 25.5% in the first quarter. ArrowMark Colorado Holdings LLC now owns 1,265,367 shares of the company’s stock valued at $19,234,000 after acquiring an additional 256,745 shares in the last quarter. Alpine Associates Management Inc. boosted its stake in NeoGames by 24.6% in the fourth quarter. Alpine Associates Management Inc. now owns 1,245,528 shares of the company’s stock valued at $35,659,000 after acquiring an additional 245,900 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in NeoGames by 7.4% in the first quarter. BlackRock Inc. now owns 901,952 shares of the company’s stock valued at $13,710,000 after acquiring an additional 62,462 shares in the last quarter. Institutional investors and hedge funds own 29.73% of the company’s stock.

About NeoGames

NeoGames SA provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of games through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.