Golden Matrix Group (NASDAQ:GMGI – Get Free Report) is projected to announce its earnings results before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $44.70 million for the quarter.
Golden Matrix Group Trading Down 4.3 %
NASDAQ:GMGI opened at $1.98 on Friday. The stock’s 50 day moving average price is $2.01 and its 200 day moving average price is $2.20. Golden Matrix Group has a 52 week low of $1.70 and a 52 week high of $6.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82.
Insider Buying and Selling
In other news, insider Aleksandar Milovanovic acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $1.85 per share, for a total transaction of $37,000.00. Following the completion of the acquisition, the insider now owns 77,934,616 shares of the company’s stock, valued at approximately $144,179,039.60. This represents a 0.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 372,514 shares of company stock worth $719,453. Insiders own 23.20% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Golden Matrix Group
About Golden Matrix Group
Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.
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