Gamehost (TSE:GH) Share Price Passes Below 200-Day Moving Average – Here’s Why

Gamehost Inc. (TSE:GH) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.43 and traded as low as C$10.39. Gamehost shares last traded at C$10.44, with a volume of 1,776 shares traded.

Gamehost Price Performance

The firm has a market capitalization of C$221.12 million, a price-to-earnings ratio of 10.76, a PEG ratio of 17.43 and a beta of 1.46. The stock’s 50-day moving average price is C$10.49 and its 200 day moving average price is C$10.43. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 47.11.

Gamehost (TSE:GH) last released its earnings results on Tuesday, August 13th. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$20.30 million for the quarter. Gamehost had a net margin of 24.78% and a return on equity of 19.14%. Equities research analysts expect that Gamehost Inc. will post 0.9795918 earnings per share for the current fiscal year.

Gamehost Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.60%. Gamehost’s payout ratio is 49.48%.

About Gamehost

Gamehost Inc, together with its subsidiaries, operates hospitality and gaming properties in Alberta. It operates through Gaming, Hotel, and Food and Beverage segments. The company's gaming activities include the operation of company owned table games, electronic gaming tables, government owned slot machines, video lottery terminals, and lottery ticket kiosks, as well as the provision of food, beverage, and entertainment services.