GAN (NASDAQ:GAN) Posts Earnings Results

GAN (NASDAQ:GAN) announced its earnings results on Friday. The company reported $0.04 earnings per share (EPS) for the quarter, reports. The business had revenue of $37.10 million during the quarter.

GAN Price Performance

Shares of NASDAQ:GAN opened at $1.79 on Friday. GAN has a 1 year low of $1.17 and a 1 year high of $1.85. The company has a market capitalization of $81.39 million, a P/E ratio of -3.44 and a beta of 2.01. The business’s 50 day simple moving average is $1.79 and its 200 day simple moving average is $1.57.

Institutional Investors Weigh In On GAN

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clear Harbor Asset Management LLC boosted its position in GAN by 17.2% in the second quarter. Clear Harbor Asset Management LLC now owns 77,099 shares of the company’s stock valued at $114,000 after buying an additional 11,299 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of GAN in the second quarter worth approximately $479,000. Finally, Renaissance Technologies LLC boosted its stake in shares of GAN by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 777,817 shares of the company’s stock valued at $1,147,000 after purchasing an additional 22,700 shares during the last quarter. Institutional investors own 16.67% of the company’s stock.

GAN Company Profile

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.