Motorsport Games (NASDAQ:MSGM – Get Rating) issued its earnings results on Monday. The company reported ($1.30) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.92), MarketWatch Earnings reports. Motorsport Games had a negative return on equity of 67.60% and a negative net margin of 219.97%. During the same quarter last year, the business earned ($1.30) EPS.
Motorsport Games stock opened at $0.69 on Wednesday. The stock has a 50-day moving average price of $1.26 and a 200 day moving average price of $4.10. Motorsport Games has a 52 week low of $0.63 and a 52 week high of $19.14.
A number of large investors have recently added to or reduced their stakes in MSGM. Millennium Management LLC acquired a new stake in shares of Motorsport Games during the 4th quarter worth about $50,000. Morgan Stanley lifted its stake in shares of Motorsport Games by 87,103.1% during the second quarter. Morgan Stanley now owns 27,905 shares of the company’s stock valued at $391,000 after buying an additional 27,873 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Motorsport Games during the first quarter worth approximately $73,000. Institutional investors own 13.99% of the company’s stock.
Motorsport Games Company Profile (Get Rating)
Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers video games for game consoles, personal computer, and mobile platforms through various retail and digital channels, including full-game and downloadable content.
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