According to Zacks, “Inspired Entertainment, Inc. is a games technology company. It engaged in supplying Virtual Sports, Mobile Gaming and Server-Based Gaming systems to regulated lottery, betting and gaming operators. Inspired Entertainment Inc., formerly known as Hydra Industries Acquisition Corp, is based in New York. “
INSE traded up $0.04 during mid-day trading on Thursday, hitting $7.00. 34,419 shares of the stock were exchanged, compared to its average volume of 26,100. The firm’s fifty day moving average is $8.10 and its two-hundred day moving average is $7.53. Inspired Entertainment has a 1-year low of $3.86 and a 1-year high of $9.70. The company has a market cap of $173.42 million, a PE ratio of -11.29 and a beta of 1.26.
Hedge funds have recently bought and sold shares of the business. Teton Advisors Inc. raised its position in Inspired Entertainment by 6.4% in the 1st quarter. Teton Advisors Inc. now owns 311,478 shares of the company’s stock valued at $2,076,000 after purchasing an additional 18,600 shares in the last quarter. Penn Capital Management Co. Inc. raised its position in Inspired Entertainment by 4.7% in the 1st quarter. Penn Capital Management Co. Inc. now owns 114,684 shares of the company’s stock valued at $764,000 after purchasing an additional 5,124 shares in the last quarter. Gabelli Funds LLC raised its position in Inspired Entertainment by 42.6% in the 1st quarter. Gabelli Funds LLC now owns 98,710 shares of the company’s stock valued at $658,000 after purchasing an additional 29,477 shares in the last quarter. BlackRock Inc. raised its position in Inspired Entertainment by 525.8% in the 2nd quarter. BlackRock Inc. now owns 515,300 shares of the company’s stock valued at $4,349,000 after purchasing an additional 432,956 shares in the last quarter. Finally, Northern Trust Corp raised its position in Inspired Entertainment by 44.7% in the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock valued at $203,000 after purchasing an additional 7,447 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.
Inspired Entertainment Company Profile
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
Read More: Exchange-Traded Funds (ETFs)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.