Maxim Group Cuts Elys Game Technology (NASDAQ:ELYS) Price Target to $8.00

Elys Game Technology (NASDAQ:ELYS – Get Rating) had its price target reduced by Maxim Group from $10.00 to $8.00 in a research note published on Thursday, The Fly reports. They currently have a buy rating on the stock.

ELYS opened at $2.12 on Thursday. Elys Game Technology has a fifty-two week low of $2.05 and a fifty-two week high of $6.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day moving average of $2.58 and a two-hundred day moving average of $3.30. The stock has a market capitalization of $49.39 million, a price-to-earnings ratio of -2.83 and a beta of 4.52.

Several hedge funds have recently added to or reduced their stakes in ELYS. Resources Investment Advisors LLC. acquired a new position in Elys Game Technology during the fourth quarter worth about $30,000. Royal Bank of Canada boosted its position in Elys Game Technology by 42.0% during the second quarter. Royal Bank of Canada now owns 7,951 shares of the company’s stock worth $32,000 after acquiring an additional 2,351 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Elys Game Technology during the fourth quarter worth about $39,000. Marshall Wace LLP acquired a new position in Elys Game Technology during the fourth quarter worth about $65,000. Finally, Moors & Cabot Inc. acquired a new position in Elys Game Technology during the third quarter worth about $217,000. 2.10% of the stock is owned by institutional investors and hedge funds.

Elys Game Technology Company Profile (Get Rating)

Elys Game Technology Corp. engages in the provision of leisure gaming products and services. Its suite of products includes e-sports, virtual sports, online casino, poker, bingo, interactive games, and slots. It operates through the following segments: Betting Establishments, Betting Platform Software and Services, and All Other.

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