Allied Gaming & Entertainment (NASDAQ:AGAE) Stock Price Down 3.6%

Allied Gaming & Entertainment Inc. (NASDAQ:AGAEGet Free Report) shares were down 3.6% on Wednesday . The stock traded as low as $0.78 and last traded at $0.80. Approximately 46,021 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 43,757 shares. The stock had previously closed at $0.83.

Allied Gaming & Entertainment Stock Down 1.4 %

The firm has a market cap of $36.79 million, a P/E ratio of -8.98 and a beta of 1.35. The stock’s 50-day moving average is $0.80 and its 200-day moving average is $0.98.

Allied Gaming & Entertainment (NASDAQ:AGAEGet Free Report) last released its quarterly earnings data on Monday, May 20th. The company reported ($0.04) EPS for the quarter. Allied Gaming & Entertainment had a negative return on equity of 3.84% and a negative net margin of 38.47%. The business had revenue of $2.38 million for the quarter.

Institutional Investors Weigh In On Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Innealta Capital LLC raised its holdings in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAEFree Report) by 100.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,582 shares of the company’s stock after acquiring an additional 58,791 shares during the quarter. Innealta Capital LLC owned approximately 0.27% of Allied Gaming & Entertainment worth $119,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

(Get Free Report)

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.

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