Golden Matrix Group (NASDAQ:GMGI) Trading Down 1.2%

Golden Matrix Group, Inc. (NASDAQ:GMGI)’s stock price fell 1.2% on Monday . The company traded as low as $2.30 and last traded at $2.44. 51,681 shares were traded during mid-day trading, a decline of 58% from the average session volume of 123,267 shares. The stock had previously closed at $2.47.

Golden Matrix Group Price Performance

The stock has a market cap of $89.34 million, a price-to-earnings ratio of -122.00 and a beta of 0.51. The stock’s 50 day moving average price is $2.39 and its two-hundred day moving average price is $3.13. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.25.

Institutional Trading of Golden Matrix Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GMGI. XTX Topco Ltd acquired a new stake in shares of Golden Matrix Group in the second quarter worth $30,000. Rhumbline Advisers purchased a new stake in Golden Matrix Group during the second quarter worth $43,000. Marshall Wace LLP purchased a new stake in Golden Matrix Group during the second quarter worth $91,000. Bank of New York Mellon Corp purchased a new stake in Golden Matrix Group during the second quarter worth $120,000. Finally, Renaissance Technologies LLC boosted its holdings in Golden Matrix Group by 675.9% during the second quarter. Renaissance Technologies LLC now owns 131,900 shares of the company’s stock worth $326,000 after buying an additional 114,900 shares in the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

Golden Matrix Group Company Profile

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.