Snail (NASDAQ:SNAL) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Snail (NASDAQ:SNAL) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snail in a research note on Monday, December 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Snail Price Performance

Shares of Snail stock opened at $0.62 on Tuesday. The business has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $0.92. Snail has a 12 month low of $0.58 and a 12 month high of $2.50. The stock has a market capitalization of $23.33 million, a P/E ratio of -0.91 and a beta of 0.55.

Hedge Funds Weigh In On Snail

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP lifted its position in shares of Snail by 63.3% during the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after purchasing an additional 11,601 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in Snail during the 2nd quarter worth $59,000. Magnus Financial Group LLC acquired a new stake in shares of Snail during the fourth quarter worth about $99,000. Finally, Connective Capital Management LLC purchased a new position in shares of Snail in the 3rd quarter valued at approximately $158,000. Hedge funds and other institutional investors own 0.36% of the company’s stock.

About Snail

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.