Motorsport Games (NASDAQ:MSGM) Shares Up 0.8%

Motorsport Games Inc. (NASDAQ:MSGM) shares shot up 0.8% on Monday . The stock traded as high as $2.27 and last traded at $2.23. 11,441 shares were traded during trading, a decline of 94% from the average session volume of 205,533 shares. The stock had previously closed at $2.21.

Motorsport Games Stock Performance

The firm’s 50 day moving average is $2.51 and its two-hundred day moving average is $2.50. The stock has a market capitalization of $7.63 million, a PE ratio of -0.63 and a beta of 2.04.

Motorsport Games (NASDAQ:MSGM) last announced its earnings results on Tuesday, May 7th. The company reported ($0.60) earnings per share for the quarter. Motorsport Games had a negative return on equity of 318.81% and a negative net margin of 116.76%. The business had revenue of $3.03 million for the quarter.

Institutional Investors Weigh In On Motorsport Games

A hedge fund recently bought a new stake in Motorsport Games stock. Clarity Capital Partners LLC acquired a new stake in Motorsport Games Inc. (NASDAQ:MSGM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,100 shares of the company’s stock, valued at approximately $78,000. Clarity Capital Partners LLC owned about 0.73% of Motorsport Games at the end of the most recent quarter. 1.66% of the stock is currently owned by hedge funds and other institutional investors.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.