NTN Buzztime Inc. (NTN) Lowered to “Sell” at Zacks Investment Research
NTN Buzztime Inc. (NYSEMKT:NTN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. “
Shares of NTN Buzztime (NYSEMKT:NTN) opened at 6.69 on Friday. NTN Buzztime has a 52-week low of $4.00 and a 52-week high of $22.50. The stock’s 50 day moving average price is $6.11 and its 200-day moving average price is $7.16. The firm’s market cap is $12.30 million.
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NTN Buzztime (NYSEMKT:NTN) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. The firm had revenue of $5.40 million for the quarter, compared to analyst estimates of $5.65 million. On average, equities research analysts anticipate that NTN Buzztime will post ($1.72) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in NTN Buzztime stock. Renaissance Technologies LLC increased its stake in shares of NTN Buzztime Inc. (NYSEMKT:NTN) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 833,800 shares of the company’s stock after buying an additional 22,000 shares during the period. Renaissance Technologies LLC owned approximately 0.91% of NTN Buzztime worth $124,000 as of its most recent filing with the SEC.
About NTN Buzztime
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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