Stock Repurchase Program Declared by Galaxy Gaming (OTCMKTS:GLXZ)

Galaxy Gaming (OTCMKTS:GLXZ) declared that its Board of Directors has approved a stock buyback plan on Wednesday, July 22nd, RTT News reports. The company plans to repurchase $4.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 10.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Galaxy Gaming Stock Performance

GLXZ stock traded up $0.16 during trading on Wednesday, reaching $1.66. The company had a trading volume of 382,447 shares, compared to its average volume of 40,842. The company has a market cap of $42.08 million, a price-to-earnings ratio of 8.74 and a beta of 0.42. Galaxy Gaming has a twelve month low of $1.42 and a twelve month high of $3.00. The firm has a 50-day simple moving average of $1.73 and a 200-day simple moving average of $1.96.

About Galaxy Gaming

Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.

The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime 21, EZ Baccarat and EZ Pai Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.