Entertainment Gaming Asia Incorporated (EGT) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 3.11% to wrap the day at $1.99 after closing the day prior at $1.93. Throughout the trading session, shares of EGT rose as high as $2.0 and dipped as low as $1.87. Today’s advance came with about 21,234 shares changing hands, compared to an average 30-day volume of 10,161 for Entertainment Gaming Asia Incorporated. The price is currently below the 30-day volume weighted average price of $1.98 for EGT.
The share appreciation today gives the company a market capitalization of $27.92 million based upon 14.46 million shares outstanding. It also means that EGT has a price-to-book ratio of 0.71:1.
In the past 52 weeks, shares of EGT have traded as low as $1.32 and as high as $3.25. Technical traders will take note that at $1.99, shares of EGT are trading above their 200-day MA at $1.96 and above their 50-day MA at $1.96. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is EGT?
Entertainment Gaming Asia Inc owns and leases electronic gaming machines placed in resorts, hotels and other venues. The Company also designs, manufactures & distributes gaming chips and plaques under its Dolphin brand. The company’s 329 employees are led by CEO Clarence Chung from the corporate headquarters at Unit C1, Ground Floor, Koon Wah Building in Hong Kong, .
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