Inspired Entertainment (NASDAQ:INSE) spotted trading -29.69% off 52-week high price. On the other end, the stock has been noted 76.68% away from the low price over the last 52-weeks. The stock changed -5.15% to recent value of $6.82. The stock transacted 17456 shares during most recent day however it has an average volume of 14.17K shares. The company has 22.69M of outstanding shares and 15.01M shares were floated in the market.
On Oct. 1, 2019, Inspired Entertainment (NASDAQ:INSE) disclosed that it has completed the acquisition of the Gaming Technology Group (NTG) of Novomatic UK Ltd. (Novomatic UK), a division of NOVOMATIC GROUP, a leading international supplier of gaming equipment and solutions.
This acquisition combines Inspired’s position and expertise in server based gaming, virtual sports and interactive with NTG’s diversified gaming products and popular content, across a complementary customer base. Inspired is a leading supplier of Category B2/B3 gaming terminals, and NTG is a leading supplier of Category B3, C and D gaming terminals to pubs, arcades, motorway service areas and holiday resorts in the UK. Inspired will now supply (i) gaming systems with associated terminals and content for more than 58,000 gaming machines located in betting shops, pubs, gaming halls and other route operations, (ii) virtual sports products through more than 44,000 retail channels, (iii) digital games for 100+ websites and (iv) a variety of amusement entertainment solutions with a total installed base of more than 19,000 devices. Inspired continues to be well positioned to supply an extensive range of products and services across the UK, Europe and beyond.
Inspired plans to draw on each organization’s core strengths to broaden offerings, bring differentiated gaming products to new sectors and geographies, accelerate key growth initiatives and offer enhanced capabilities, systems, field service and content. The addition of NTG is expected to help diversify Inspired’s UK business and enable Inspired to expand into contiguous customer segments with very little overlap of existing customers. Inspired’s position and expertise in server based gaming is expected to accelerate NTG’s development initiatives to transition the pub gaming sector from analog to digital gaming machines, systems and content. Together, Inspired and NTG are well positioned to capitalize on further converting NTG’s game library for online deployment.
Its earnings per share (EPS) expected to touch remained 63.00% for this year while earning per share for the next 5-years is expected to reach at 10.00%. INSE has a gross margin of 79.10% and an operating margin of -8.90% while its profit margin remained -25.50% for the last 12 months.
According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.65% from the mean of 20 days, -6.45% from mean of 50 days SMA and performed -4.48% from mean of 200 days price. Company’s performance for the week was -6.06%, -2.43% for month and YTD performance remained 42.08%.
Ronald Greene – Category – Finance
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