GAN (NASDAQ:GAN) Trading 0.6% Higher – Still a Buy?

GAN Limited (NASDAQ:GAN)’s share price was up 0.6% during trading on Friday . The company traded as high as $1.77 and last traded at $1.77. Approximately 103,207 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 228,857 shares. The stock had previously closed at $1.76.

GAN Trading Up 0.6 %

The firm has a 50 day moving average price of $1.82 and a two-hundred day moving average price of $1.80. The firm has a market capitalization of $80.66 million, a price-to-earnings ratio of -5.90 and a beta of 1.97.

Hedge Funds Weigh In On GAN

Hedge funds and other institutional investors have recently made changes to their positions in the business. CSS LLC IL acquired a new stake in GAN in the 4th quarter valued at $439,000. Black Maple Capital Management LP acquired a new stake in shares of GAN in the fourth quarter valued at about $1,034,000. Jane Street Group LLC purchased a new stake in shares of GAN during the 4th quarter valued at about $55,000. Credit Industriel ET Commercial acquired a new position in GAN during the 4th quarter worth approximately $1,009,000. Finally, Cigogne Management SA acquired a new position in GAN during the 4th quarter worth approximately $2,358,000. Institutional investors and hedge funds 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.