In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Elys Game Technology (ELYS – Research Report), with a price target of $8.00. The company’s shares closed last Thursday at $2.12, close to its 52-week low of $2.05.
According to TipRanks.com, Aarde is a 5-star analyst with an average return of 51.5% and a 45.8% success rate. Aarde covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, BIO-key International, and Super League Gaming.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Elys Game Technology with a $8.00 average price target.
The company has a one-year high of $6.72 and a one-year low of $2.05. Currently, Elys Game Technology has an average volume of 190.5K.
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Newgioco Group, Inc. is a vertically integrated company, which engages in the operation of licensed gaming. It offers online casino, sports betting, virtual sports betting, bingo, and poker. The company was founded on August 26, 1998 and is headquartered in Toronto, Canada.
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