Gaming Activities: Renren Inc (NYSE:RENN), 500.com Ltd (NYSE:WBAI), Scientific Games (NASDAQ:SGMS), Multimedia Games Holding (NASDAQ:MGAM)
Renren Inc. (NYSE:RENN) surged 11.25% on Tuesday, the largest daily advance in 2014. Good news is that the advance came with large trading volume increase. Renren Inc. (NYSE:RENN) has an average trading volume of 1.7 million shares daily but on Tuesday over 5 million shares changed hands. Additionally, Reren Inc. (NYSE:RENN) is not considered overbought for two reasons. On last trading day Renren Inc (NYSE:RENN) ended up -1.41% lower to close at $3.49 while trading in the range of $3.48 – $3.62. Its return on assets (ROA) is -4.70% while return on investment (ROI) is -8.40%. Renren Inc (NYSE:RENN) monthly performance is8.39%.
500.com Ltd (NYSE:WBAI) reported Q4 EPS of $0.15, $0.03 better than the analyst estimate of $0.12. Revenue for the quarter came in at $15.99 million versus the consensus estimate of $13.34 million. 500.com Ltd (NYSE:WBAI) in last trading activity ended up at $48.00 with day range of $42.65 – $48.24. Company weekly performance is 14.72%. 500.com Ltd (NYSE:WBAI) is-0.37% away from its 52 week high.
Scientific Games Corp. (NASDAQ:SGMS) was upgraded by investment analysts at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a note issued to investors on Monday, Analyst Ratings Net reports. Scientific Games Corp (NASDAQ:SGMS) belongs to Services sector with market capitalization of 1.13 B and has 1.20% insider ownership. In last trading activity company’s stock closed at $13.32 while opening price was $12.94.
Multimedia Games Holding Co. (NASDAQ:MGAM) Director Robert D. Repass sold 2,000 shares of the stock in a transaction dated Wednesday, February 12th. On Friday shares of Multimedia Games Holding Company Inc (NASDAQ:MGAM) opened at $29.78 and closed at $30.66. This year Company’s Earnings per Share (EPS) growth is 18.80% and next year’s estimated EPS growth is 18.75%. Analysts mean target price for Multimedia Games Holding Company Inc (NASDAQ:MGAM) is $38.60.