Inspired Entertainment, Inc. (NASDAQ:INSE – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 275,700 shares, a growth of 15.1% from the August 15th total of 239,500 shares. Based on an average daily trading volume, of 90,300 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.1% of the shares of the company are sold short.
Inspired Entertainment Stock Down 0.6 %
Shares of INSE traded down $0.07 during trading hours on Tuesday, hitting $12.18. The company had a trading volume of 23,916 shares, compared to its average volume of 127,916. Inspired Entertainment has a 52-week low of $8.63 and a 52-week high of $16.44. The firm has a market cap of $320.82 million, a P/E ratio of 20.76 and a beta of 1.55. The stock’s 50 day moving average price is $12.88 and its 200 day moving average price is $13.36.
Inspired Entertainment (NASDAQ:INSE – Get Free Report) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.09). Inspired Entertainment had a negative return on equity of 38.27% and a net margin of 5.74%. The company had revenue of $80.40 million during the quarter, compared to the consensus estimate of $75.27 million. On average, research analysts expect that Inspired Entertainment will post 0.87 EPS for the current fiscal year.
Institutional Investors Weigh In On Inspired Entertainment
Analysts Set New Price Targets
Separately, JMP Securities reduced their price target on Inspired Entertainment from $20.00 to $19.00 in a research report on Monday, July 17th.
Inspired Entertainment Company Profile
Inspired Entertainment, Inc, a gaming technology company, engages in the supply of content, platform, and other products and services to regulated lottery, betting, and gaming operators worldwide. It operates in four segments: Gaming, Virtual Sports, Interactive, and Leisure. The Gaming segment supplies gaming terminals and software to betting offices, casinos, gaming halls, and high street adult gaming centers; a portfolio of games through its digital terminals under the Centurion and Super Hot Fruits names; and traditional casino games, such as roulette, blackjack, and number games.
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