Bragg Gaming Group (TSE:BRAG) Stock Falls 9.2% – Here’s Why

Bragg Gaming Group Inc. (TSE:BRAG)’s stock price dropped 9.2% during mid-day trading on Thursday. The stock traded as low as C$1.15 and last traded at C$1.18. 19,550 shares traded hands during trading, an increase of 16% from the average daily volume of 16,910 shares. The stock had previously closed at C$1.30.

Bragg Gaming Group Price Performance

The stock has a 50-day simple moving average of C$1.74 and a 200 day simple moving average of C$2.29. The stock has a market capitalization of C$36.65 million, a P/E ratio of -3.93 and a beta of 0.03. The company has a debt-to-equity ratio of 10.53, a quick ratio of 1.05 and a current ratio of 0.89.

Bragg Gaming Group (TSE:BRAG) last issued its quarterly earnings results on Thursday, August 13th. The company reported C($0.18) earnings per share (EPS) for the quarter. The firm had revenue of C$37.12 million for the quarter. Bragg Gaming Group had a negative net margin of 7.47% and a negative return on equity of 12.40%. On average, equities analysts forecast that Bragg Gaming Group Inc. will post 0.01 earnings per share for the current fiscal year.

Bragg Gaming Group Company Profile

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a leading iGaming content and platform technology solutions provider serving online casino, sports betting and lottery operators with its proprietary, exclusive and aggregated casino games content, and its cutting-edge player account management (‘PAM’) and player engagement technology. Bragg Studios offer high-performing and passionately crafted casino game titles using the latest in data-driven insights from in-house brands including Wild Streak Gaming, Atomic Slot Lab and Indigo Magic.