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 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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