Bragg Gaming Group (NASDAQ:BRAG) Shares Down 1.4% – Here’s What Happened

Bragg Gaming Group Inc. (NASDAQ:BRAG) shares dropped 1.4% during mid-day trading on Thursday . The company traded as low as $4.83 and last traded at $4.87. Approximately 11,391 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 44,665 shares. The stock had previously closed at $4.94.

Bragg Gaming Group Trading Down 1.4 %

The company has a 50 day moving average of $5.07 and a 200 day moving average of $5.61. The firm has a market cap of $121.49 million, a price-to-earnings ratio of -20.29 and a beta of 0.92.

Bragg Gaming Group (NASDAQ:BRAG) last issued its earnings results on Thursday, August 8th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $26.76 million during the quarter. Bragg Gaming Group had a negative net margin of 8.51% and a negative return on equity of 11.42%. As a group, sell-side analysts anticipate that Bragg Gaming Group Inc. will post -0.15 EPS for the current fiscal year.

Institutional Trading of Bragg Gaming Group

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in Bragg Gaming Group during the 2nd quarter worth approximately $200,000. Renaissance Technologies LLC grew its holdings in shares of Bragg Gaming Group by 40.7% during the second quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock worth $720,000 after purchasing an additional 36,100 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Bragg Gaming Group during the second quarter worth $77,000. Institutional investors and hedge funds own 4.04% of the company’s stock.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.