Inspired Entertainment, Inc. (NASDAQ:INSE – Get Rating) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 165,400 shares, a decline of 29.6% from the March 15th total of 234,900 shares. Based on an average trading volume of 154,700 shares, the short-interest ratio is currently 1.1 days. Currently, 0.8% of the shares of the company are short sold.
INSE traded down $0.13 during trading on Monday, hitting $10.55. 8,625 shares of the stock traded hands, compared to its average volume of 173,335. Inspired Entertainment has a twelve month low of $7.40 and a twelve month high of $15.81. The business’s 50 day moving average is $13.05.
Inspired Entertainment (NASDAQ:INSE – Get Rating) last announced its quarterly earnings results on Friday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.10). During the same period in the prior year, the business posted $0.49 EPS. Equities analysts expect that Inspired Entertainment will post 0.53 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Inspired Entertainment from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday, March 8th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Inspired Entertainment currently has a consensus rating of “Buy” and an average price target of $18.50.
Inspired Entertainment Company Profile (Get Rating)
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. The company operates through four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.
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