Golden Matrix Group (GMGI) Projected to Post Quarterly Earnings on Monday

Golden Matrix Group (NASDAQ:GMGI) is expected to issue its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $44.70 million for the quarter.

Golden Matrix Group Stock Down 4.3 %

GMGI stock opened at $1.98 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. Golden Matrix Group has a one year low of $1.70 and a one year high of $6.27. The firm has a 50-day moving average of $2.01 and a two-hundred day moving average of $2.20.

Analyst Upgrades and Downgrades

Separately, Maxim Group initiated coverage on shares of Golden Matrix Group in a research note on Friday, February 21st. They set a “buy” rating and a $4.00 price objective for the company.

Insider Buying and Selling at Golden Matrix Group

In other Golden Matrix Group news, insider Aleksandar Milovanovic bought 100,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were bought at an average price of $1.85 per share, for a total transaction of $185,000.00. Following the acquisition, the insider now directly owns 78,414,616 shares of the company’s stock, valued at approximately $145,067,039.60. This trade represents a 0.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 372,514 shares of company stock valued at $719,453. 23.20% of the stock is currently owned by corporate insiders.

About Golden Matrix Group

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.