GAN Limited (NYSE:GAN)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.72 and last traded at $27.71, with a volume of 598671 shares trading hands. The stock had previously closed at $25.99.
GAN has been the topic of several research analyst reports. Craig Hallum upped their price objective on GAN from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Macquarie initiated coverage on GAN in a research note on Thursday, June 4th. They issued an “outperform” rating and a $24.00 price objective on the stock. Zacks Investment Research lowered GAN from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, B. Riley upped their target price on GAN from $24.00 to $28.50 and gave the company a “buy” rating in a research report on Thursday, June 18th.
The company’s 50-day moving average is $19.26.
GAN (NYSE:GAN) last posted its earnings results on Tuesday, June 16th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $7.67 million during the quarter, compared to the consensus estimate of $7.89 million.
GAN Company Profile (NYSE:GAN)
GAN Limited provides enterprise Software-as-a-Service solutions for online casino gaming and online sports betting applications. It offers a proprietary internet gambling enterprise software system, GameSTACK, which it licenses principally to the land-based U.S. casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming, and virtual simulated gaming.
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