Scientific Games Corp (NASDAQ:SGMS) Stock Closed 15.3% Above Its 50 Day Moving Average

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Shares are trading at $34.85 which is significantly higher than $30.23, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $24.05. The 50 day moving average went up by +15.29% and the 200 day average went up $10.80 or +44.88%. Trading volume for Scientific Games Corp was 860K on Friday. Trading volume was down 7.53% under the stocks average daily volume.

Here are a few other firms who have also updated their positions. As of the end of the quarter Ameriprise Financial Inc had acquired a total of 2,222 shares growing its holdings by 0.8%. The value in dollars increased from $6,351,000 to $7,067,000 a change of $716,000 quarter to quarter. Hennessy Advisors Inc cut its holdings by shedding 3,800 shares a decrease of 1.9% as of 06/30/2017. Hennessy Advisors Inc now holds 192,700 shares valued at $5,029,000. The total value of its holdings increased 8.2%.

As of quarter end Tiaa Cref Investment Management LLC had bought 3,293 shares growing its position 2.4%. The value of the company’s investment in Scientific Games Corp went from $3,290,000 to $3,717,000 increasing 13.0% for the reporting period. As of quarter end Alliancebernstein L.P. had bought 8,110 shares growing its stake by 7.0%. The value of the investment in SGMS increased from $2,747,000 to $3,243,000 a change of 18.1% quarter over quarter.

The company is trading down by -0.43 percent from yesterday’s close. As of the latest earnings report the EPS was $-3.97 and is expected to be $-2.27 for the current year with 89,424,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.25 with next year’s EPS projected to be $-0.87.

Scientific Games Corporation, launched on July 2, 1984, is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. The Business’s segments include Gaming, Lottery and Interactive. The Business’s portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions. The Company?s games are available on Facebook, Amazon.com, the Apple app store and Android app on Google play..

http://www.modernreaders.com/scientific-games-corp-nasdaqsgms-stock-closed-15-3-above-its-50-day-moving-average/76156/larry-kramer

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