Stock traders buy high volume of Elys Game Technology put options (NASDAQ:ELYS)

Elys Game Technology, Corp. (NASDAQ:ELYS – Get Rating) was the target of unusually heavy options trading activity on Wednesday. Investors bought 542 put options on the stock. This represents an increase of approximately 885% over the average daily volume of 55 puts.

Several institutional investors and hedge funds have recently changed their holdings in ELYS. Resources Investment Advisors LLC. bought a new position in Elys Game Technology stock in the fourth quarter worth about $30,000. Royal Bank of Canada increased its position in shares of Elys Game Technology by 42.0% in the second quarter. Royal Bank of Canada now owns 7,951 shares of the company valued at $32,000 after purchasing an additional 2,351 shares during the period. GSA Capital Partners LLP bought a new position in shares of Elys Game Technology in the fourth quarter, valued at approximately $39,000. State Street Corp bought a new position in Elys Game Technology stock in the first quarter, valued at around $42,000. Finally, Northern Trust Corp bought a new position in shares of Elys Game Technology in the first quarter, valued at around $65,000. 1.42% of the shares are currently held by institutional investors.

Several brokers have recently commented on ELYS. Maxim Group cut its price target on Elys Game Technology shares from $10.00 to $8.00 and set a “buy” rating for the company in a Thursday, April 14 report. HC Wainwright cut its target price on shares of Elys Game Technology from $8.00 to $5.00 in a Monday, May 2 report.

ELYS shares opened at $1.18 on Thursday. The stock has a market capitalization of $27.94 million, a P/E ratio of -1.76 and a beta of 4.45. The company has a debt ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. The company has a fifty-day moving average price of $1.97 and a two-hundred-day moving average price of $2.81. Elys Game Technology has a 1-year low of $1.07 and a 1-year high of $6.72.

Elys Game Technology (NASDAQ:ELYS – Get Rating) last released quarterly earnings data on Tuesday, April 19. The company reported ($0.91) earnings per share for the quarter. The company had revenue of $11.67 million in the quarter. Elys Game Technology posted a negative net margin of 33.07% and a negative return on equity of 115.52%. As a group, equity research analysts expect Elys Game Technology to post -0.29 EPS for the current fiscal year.

Elys Game Technology Company Profile (Get an assessment)

Elys Game Technology, Corp. provides online and land-based gaming services in Europe and North America. It offers leisure betting products, including lotteries, casino games, sports betting, online casino games, poker, bingo, virtual sports betting and horse racing, as well as games and interactive and qualified slot machines; and operates betting platform software services for recreational betting establishments.

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