Bragg Gaming Group (NASDAQ:BRAG) Shares Down 5.6% – Time to Sell?

Shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) fell 5.6% during trading on Monday . The company traded as low as $4.21 and last traded at $4.23. 58,828 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 75,776 shares. The stock had previously closed at $4.48.

Wall Street Analysts Forecast Growth

Separately, JMP Securities decreased their target price on shares of Bragg Gaming Group from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 6th.

Bragg Gaming Group Stock Down 5.6 %

The firm has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $4.50. The stock has a market cap of $105.93 million, a P/E ratio of -17.62 and a beta of 0.73.

Institutional Investors Weigh In On Bragg Gaming Group

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in shares of Bragg Gaming Group in the second quarter valued at approximately $77,000. Dimensional Fund Advisors LP bought a new stake in Bragg Gaming Group in the 2nd quarter valued at $200,000. Finally, Renaissance Technologies LLC grew its holdings in Bragg Gaming Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 124,700 shares of the company’s stock valued at $720,000 after buying an additional 36,100 shares in the last quarter. Institutional investors and hedge funds own 4.04% of the company’s stock.

About Bragg Gaming Group

Bragg Gaming Group Inc provides business to business online gaming technology platform and casino content aggregator worldwide. The company offers a range of games, including slot, table, card, video bingo, scratch card, and virtual sports, as well as live dealer games. It also provides player account management platform, a multi-channel and cross-product that enables operators to manage the entire product suite using one shared account and one wallet for casino, lottery, sportsbook, and other operations; and Fuze, a single integrated platform that delivers third party gaming content.