Zacks Research Upgrades Snail (NASDAQ:SNAL) to “Hold”

Snail (NASDAQ:SNAL) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snail in a report on Monday, December 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Snail has an average rating of “Reduce”.

Snail Stock Performance

SNAL traded up $0.04 on Tuesday, hitting $0.65. The company had a trading volume of 4,530 shares, compared to its average volume of 32,349. The stock has a market capitalization of $24.65 million, a price-to-earnings ratio of -0.96 and a beta of 0.55. The stock has a fifty day moving average price of $0.79 and a 200-day moving average price of $0.92. Snail has a 12-month low of $0.58 and a 12-month high of $2.38.

Institutional Trading of Snail

Institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP lifted its holdings in shares of Snail by 63.3% in the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after buying an additional 11,601 shares during the period. Evergreen Capital Management LLC purchased a new stake in Snail during the second quarter worth $59,000. Magnus Financial Group LLC purchased a new position in Snail in the fourth quarter valued at $99,000. Finally, Connective Capital Management LLC purchased a new stake in shares of Snail during the 3rd quarter worth about $158,000. 0.36% of the stock is currently owned by institutional investors and hedge funds.

About Snail

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.