Inspired Entertainment (NASDAQ:INSE) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.
Shares of Inspired Entertainment (INSE) remained flat at $$5.60 during trading hours on Thursday. The stock had a trading volume of 135,591 shares, compared to its average volume of 154,759. The company has a debt-to-equity ratio of -10.92, a quick ratio of 0.95 and a current ratio of 0.67. The stock has a market capitalization of $123.50, a price-to-earnings ratio of -3.78 and a beta of -5.83. Inspired Entertainment has a fifty-two week low of $5.35 and a fifty-two week high of $14.00.
Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Friday, February 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The business had revenue of $31.39 million for the quarter. Inspired Entertainment had a negative return on equity of 3,457.61% and a negative net margin of 24.34%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INSE. Vanguard Group Inc. grew its position in Inspired Entertainment by 25.7% in the 2nd quarter. Vanguard Group Inc. now owns 231,476 shares of the company’s stock valued at $3,010,000 after acquiring an additional 47,276 shares in the last quarter. State Street Corp acquired a new position in Inspired Entertainment in the 2nd quarter valued at about $404,000. Northern Trust Corp acquired a new position in Inspired Entertainment in the 2nd quarter valued at about $311,000. Bank of New York Mellon Corp acquired a new position in Inspired Entertainment in the 3rd quarter valued at about $206,000. Finally, Citigroup Inc. acquired a new position in Inspired Entertainment in the 2nd quarter valued at about $118,000. 19.65% of the stock is owned by institutional investors.
Inspired Entertainment Company Profile
Inspired Entertainment, Inc, formerly Hydra Industries Acquisition Corp., is a global games technology company. The Company is engaged in developing and operating digital games and networks. The Company is engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming (SBG) systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.