GameStop (NYSE:GME – Get Free Report) posted its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09, RTT News reports. The firm had revenue of $798.30 million during the quarter, compared to analysts’ expectations of $895.67 million. GameStop had a net margin of 0.51% and a return on equity of 1.78%. The business’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share.
GameStop Stock Down 3.2 %
Shares of NYSE:GME opened at $23.47 on Wednesday. The firm has a market cap of $8.24 billion, a P/E ratio of 293.35 and a beta of -0.17. GameStop has a 12-month low of $9.95 and a 12-month high of $64.83. The business has a fifty day simple moving average of $23.32 and a 200 day simple moving average of $20.16. The company has a quick ratio of 1.42, a current ratio of 2.22 and a debt-to-equity ratio of 0.01.
Insider Buying and Selling at GameStop
In other GameStop news, General Counsel Mark Haymond Robinson sold 2,215 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.33, for a total transaction of $58,320.95. Following the completion of the sale, the general counsel now owns 48,408 shares of the company’s stock, valued at approximately $1,274,582.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other GameStop news, Director Lawrence Cheng bought 4,140 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was acquired at an average price of $24.85 per share, with a total value of $102,879.00. Following the completion of the purchase, the director now directly owns 69,228 shares of the company’s stock, valued at approximately $1,720,315.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Mark Haymond Robinson sold 2,215 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $26.33, for a total value of $58,320.95. Following the transaction, the general counsel now owns 48,408 shares in the company, valued at $1,274,582.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,183 shares of company stock worth $81,001. Insiders own 12.28% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on GME
GameStop Company Profile
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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