Galaxy Gaming (OTCMKTS:GLXZ) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why
by Renee Jackson · The Cerbat GemShares of Galaxy Gaming Inc. (OTCMKTS:GLXZ – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.25 and traded as low as $1.67. Galaxy Gaming shares last traded at $1.67, with a volume of 47,930 shares.
Galaxy Gaming Stock Up 2.9%
The firm has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $2.24. The company has a market cap of $45.63 million, a PE ratio of 9.47 and a beta of 0.43.
Galaxy Gaming (OTCMKTS:GLXZ – Get Free Report) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $8.24 million during the quarter. Galaxy Gaming had a net margin of 15.85% and a negative return on equity of 26.72%.
Galaxy Gaming Company Profile
Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.
The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime 21, EZ Baccarat and EZ Pai Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.