Galaxy Gaming (OTCMKTS:GLXZ) Stock Crosses Below 200 Day Moving Average – Here’s Why

Galaxy Gaming Inc. (OTCMKTS:GLXZ)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.75 and traded as low as $1.65. Galaxy Gaming shares last traded at $1.6632, with a volume of 1,677 shares trading hands.

Galaxy Gaming Stock Down 0.6%

The business has a 50 day moving average price of $1.68 and a 200 day moving average price of $1.75. The stock has a market cap of $41.53 million, a P/E ratio of 8.74 and a beta of 0.40.

Galaxy Gaming declared that its board has initiated a share buyback plan on Wednesday, July 22nd that allows the company to buyback $4.00 million in shares. This buyback authorization allows the company to buy up to 10.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Galaxy Gaming

Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.

The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime 21, EZ Baccarat and EZ Pai Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.