GAN Limited (NASDAQ:GAN - Get Free Report) rose 0.6% on Tuesday . The stock traded as high as $1.82 and last traded at $1.80. Approximately 88,340 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 165,942 shares. The stock had previously closed at $1.79.
GAN Stock Performance
The stock has a market capitalization of $82.31 million, a price-to-earnings ratio of -3.46 and a beta of 2.01. The business's 50 day simple moving average is $1.78 and its 200-day simple moving average is $1.56.
GAN (NASDAQ:GAN - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $35.56 million during the quarter.
Institutional Investors Weigh In On GAN
A number of institutional investors and hedge funds have recently bought and sold shares of GAN. Clear Harbor Asset Management LLC raised its position in shares of GAN by 17.2% during the second quarter. Clear Harbor Asset Management LLC now owns 77,099 shares of the company's stock worth $114,000 after purchasing an additional 11,299 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in GAN during the second quarter valued at about $479,000. Finally, Renaissance Technologies LLC lifted its stake in GAN by 3.0% during the second quarter. Renaissance Technologies LLC now owns 777,817 shares of the company's stock valued at $1,147,000 after buying an additional 22,700 shares in the last quarter. 16.67% of the stock is 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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