Galaxy Gaming (OTCMKTS:GLXZ) Announces Earnings Results

Galaxy Gaming (OTCMKTS:GLXZ) released its quarterly earnings data on Monday. The company reported $0.20 EPS for the quarter, Zacks reports. Galaxy Gaming had a net margin of 15.79% and a negative return on equity of 29.00%.

Galaxy Gaming Price Performance

OTCMKTS:GLXZ traded down $0.02 during mid-day trading on Monday, hitting $1.58. The company’s stock had a trading volume of 35,050 shares, compared to its average volume of 64,782. Galaxy Gaming has a 1 year low of $1.42 and a 1 year high of $2.99. The stock has a market cap of $39.75 million, a price-to-earnings ratio of 8.32 and a beta of 0.42. The business’s fifty day moving average is $1.61 and its two-hundred day moving average is $1.78.

Galaxy Gaming announced that its board has approved a stock repurchase plan on Wednesday, July 22nd that allows the company to buy back $4 million in shares. This repurchase authorization allows the company to reacquire up to 10.5% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its shares are undervalued.

Galaxy Gaming Company Profile

Galaxy Gaming, Inc is a gaming technology and casino entertainment company that develops, licenses and distributes proprietary casino table games, electronic gaming products and related systems. Its offerings are designed for land-based casinos, online gaming operators and other regulated gaming businesses.

The company’s portfolio has included proprietary table games, side bets, progressive jackpots and electronic versions of casino games. Galaxy Gaming also provides casino management and jackpot systems, game content and licensing services, allowing operators to offer its products under regulatory approvals in applicable jurisdictions.

Founded in 1997 and headquartered in Las Vegas, Nevada, Galaxy Gaming has historically served casino operators in the United States and international markets.