Golden Matrix Group (GMGI) Expected to Announce Earnings on Monday

Golden Matrix Group (NASDAQ:GMGI) is expected to post its quarterly earnings results before the market opens on Monday, March 24th. Analysts expect Golden Matrix Group to post earnings of ($0.03) per share and revenue of $44.70 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Golden Matrix Group Stock Down 4.3 %

GMGI stock opened at $1.98 on Friday. The firm has a 50 day moving average price of $2.01 and a 200-day moving average price of $2.20. Golden Matrix Group has a 52-week low of $1.70 and a 52-week high of $6.27. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling

In other news, insider Aleksandar Milovanovic acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $1.85 per share, for a total transaction of $37,000.00. Following the acquisition, the insider now directly owns 77,934,616 shares in the company, valued at approximately $144,179,039.60. The trade was a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 372,514 shares of company stock worth $719,453 in the last three months. Insiders own 23.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group assumed coverage on shares of Golden Matrix Group in a report on Friday, February 21st. They set a “buy” rating and a $4.00 target price for the company.

About Golden Matrix Group

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.