Published On: Sat, Sep 10th, 2016

Zacks Investment Research Lowers NTN Buzztime Inc. (NTN) to Sell

NTN Buzztime Inc. (NYSEMKT:NTN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.
According to Zacks, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants. “
NTN Buzztime (NYSEMKT:NTN) opened at 7.26 on Friday. The firm’s 50-day moving average price is $6.15 and its 200-day moving average price is $7.16. The firm’s market cap is $13.34 million. NTN Buzztime has a 12 month low of $4.00 and a 12 month high of $22.50.

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NTN Buzztime (NYSEMKT:NTN) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.46) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.04. The business had revenue of $5.40 million for the quarter, compared to analyst estimates of $5.65 million. On average, equities research analysts expect that NTN Buzztime will post ($1.72) EPS for the current fiscal year.
An institutional investor recently raised its position in NTN Buzztime stock. Renaissance Technologies LLC raised its stake in shares of NTN Buzztime Inc. (NYSEMKT:NTN) by 2.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 833,800 shares of the company’s stock after buying an additional 22,000 shares during the period. Renaissance Technologies LLC owned 0.91% of NTN Buzztime worth $124,000 at the end of the most recent quarter.
NTN Buzztime Company Profile
NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.
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