Kambi Group (OTCMKTS:KMBIF) Trading 18.5% Higher – Should You Buy?

Kambi Group plc (OTCMKTS:KMBIF)’s share price traded up 18.5% on Wednesday . The stock traded as high as C$16.00 and last traded at C$16.00. 4,000 shares were traded during trading, an increase of 520% from the average session volume of 645 shares. The stock had previously closed at C$13.50.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of Kambi Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kambi Group presently has a consensus rating of “Hold”.

Kambi Group Stock Performance

The firm’s 50 day moving average price is C$12.78 and its two-hundred day moving average price is C$12.75.

About Kambi Group

Kambi Group plc is a global business‐to‐business provider of premium sports betting services to licensed gaming operators. The company develops and delivers a fully managed sportsbook platform that includes front‐office user interfaces, back‐office risk management, pricing tools, customer intelligence and data analytics. Through proprietary technology and in‐house trading expertise, Kambi aims to offer flexible, scalable solutions that enable its operator clients to launch and operate sports betting products across multiple channels.

Founded in 2010 as a spin‐off from Unibet Group, Kambi made its public debut on Nasdaq Stockholm and has since expanded its footprint through strategic partnerships and licensing agreements.