Bragg Gaming Group Inc. (NASDAQ:BRAG - Get Free Report)'s stock price was down 5.6% during mid-day trading on Monday . The company traded as low as $4.21 and last traded at $4.23. Approximately 58,828 shares traded hands during trading, a decline of 22% from the average daily volume of 75,776 shares. The stock had previously closed at $4.48.
Analyst Upgrades and Downgrades
Separately, JMP Securities lowered their target price on Bragg Gaming Group from $6.00 to $5.00 and set a "market outperform" rating for the company in a research note on Monday, January 6th.
Get Our Latest Stock Analysis on BRAG
Bragg Gaming Group Price Performance
The firm's 50 day moving average is $3.61 and its 200 day moving average is $4.49. The company has a market capitalization of $105.92 million, a PE ratio of -17.62 and a beta of 0.73.
Institutional Trading of Bragg Gaming Group
Institutional investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in Bragg Gaming Group during the 2nd quarter valued at approximately $77,000. Dimensional Fund Advisors LP bought a new position in shares of Bragg Gaming Group during the second quarter valued at approximately $200,000. Finally, Renaissance Technologies LLC raised 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 valued at $720,000 after acquiring an additional 36,100 shares in the last quarter. 4.04% of the stock is currently owned by hedge funds and other institutional investors.
About Bragg Gaming Group
(
Get Free Report)
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.
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