Elys Game Technology Target of Unusually High Options Trading (NASDAQ:ELYS)

Posted by Defense World Staff on Jul 13th, 2023

Elys Game Technology, Corp. (NASDAQ:ELYS – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 542 put options on the stock. This is an increase of 885% compared to the typical volume of 55 put options.

Institutional Investors Weigh In On Elys Game Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Elys Game Technology by 280.9% in the first quarter. Geode Capital Management LLC now owns 241,087 shares of the company’s stock valued at $124,000 after acquiring an additional 177,793 shares during the period. Renaissance Technologies LLC purchased a new position in Elys Game Technology in the 2nd quarter worth about $117,000. Millennium Management LLC increased its stake in Elys Game Technology by 112.5% in the 2nd quarter. Millennium Management LLC now owns 143,663 shares of the company’s stock worth $106,000 after buying an additional 76,070 shares during the period. Northern Trust Corp purchased a new position in Elys Game Technology in the 1st quarter worth about $65,000. Finally, State Street Corp increased its stake in Elys Game Technology by 264.5% in the 1st quarter. State Street Corp now owns 88,200 shares of the company’s stock worth $45,000 after buying an additional 64,000 shares during the period. Hedge funds and other institutional investors own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $2.00 price objective on shares of Elys Game Technology in a report on Wednesday, April 19th.

Elys Game Technology Price Performance

ELYS opened at $0.66 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50 day moving average price of $0.49 and a 200-day moving average price of $0.55. Elys Game Technology has a twelve month low of $0.11 and a twelve month high of $1.47.

Elys Game Technology (NASDAQ:ELYS – Get Free Report) last posted its quarterly earnings results on Monday, May 22nd. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Elys Game Technology had a negative return on equity of 149.15% and a negative net margin of 42.56%. The firm had revenue of $12.43 million during the quarter, compared to the consensus estimate of $12.71 million. As a group, equities research analysts predict that Elys Game Technology will post -0.24 EPS for the current fiscal year.

About Elys Game Technology

(Get Free Report)

Elys Game Technology, Corp. provides business-to-consumer gaming services in the United States and Europe. The company offers betting platform software services to leisure betting establishments; and operates web based and land-based leisure betting establishments. Its gaming product offerings include sports betting; and online casino, such as online slot and table games, poker, bingo, skilled and interactive games, virtual sports betting, and horse racing.