Shares of GAN Limited (NASDAQ:GAN - Get Free Report) rose 0.6% during mid-day trading on Friday . The stock traded as high as $1.77 and last traded at $1.77. Approximately 103,207 shares traded hands during trading, a decline of 55% from the average daily volume of 228,857 shares. The stock had previously closed at $1.76.
GAN Stock Up 0.6 %
The business has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.80. The company has a market cap of $79.75 million, a PE ratio of -5.83 and a beta of 1.96.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in GAN by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,926 shares of the company's stock worth $774,000 after buying an additional 9,260 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of GAN in the fourth quarter worth $36,000. Jane Street Group LLC purchased a new stake in shares of GAN during the fourth quarter worth $55,000. AssuredPartners Investment Advisors LLC purchased a new stake in shares of GAN during the fourth quarter worth $62,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of GAN in the fourth quarter valued at $95,000. 16.67% of the stock is currently owned by institutional investors and hedge funds.
GAN Company Profile
(
Get Free Report)
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.
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