Multimedia Games Holding Company, Inc. (MGAM) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down nearly 1% since Apr 22, 2014.
The company has seen one positive estimate revision in the past 7 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Multimedia Games currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the gaming industry may consider stocks like Caesars Acquisition Company (CACQ), Melco Crown Entertainment Limited (MPEL) and Wynn Resorts Ltd. (WYNN). While Caesar Acquisition sports a Zacks Rank #1 (Strong Buy), Melco Crown and Wynn Resorts have the same Zacks Rank as Multimedia Games.
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