Stock Mover of the Day: NTN Buzztime Inc Stock Price Hits 52-Week High Today

Stock Mover of the Day: NTN Buzztime Inc Stock Price Hits 52 Week High Today

The stock of NTN Buzztime Inc (NYSEMKT:NTN) hit a new 52-week high and has $9.77 target or 3.00% above today’s $9.49 share price. The 7 months bullish chart indicates low risk for the $23.59M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $9.77 price target is reached, the company will be worth $707,700 more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19,298 shares traded hands or 315.82% up from the average. NTN Buzztime Inc (NYSEMKT:NTN) has risen 56.15% since April 26, 2016 and is uptrending. It has outperformed by 50.89% the S&P500.

Analysts await NTN Buzztime Inc (NYSEMKT:NTN) to report earnings on March, 10. They expect $-0.19 EPS, up 62.00% or $0.31 from last year’s $-0.5 per share. After $-0.31 actual EPS reported by NTN Buzztime Inc for the previous quarter, Wall Street now forecasts -38.71% EPS growth.

According to Zacks Investment Research, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants.”

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 0.83, from 0.83 in 2016Q1. The ratio is negative, as 16 funds sold all NTN Buzztime Inc shares owned while 2 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 271,880 shares or 98.65% less from 20.20 million shares in 2016Q1.
Eagle Asset Mgmt owns 90,230 shares or 0.01% of their US portfolio. Awm Invest has 181,650 shares for 0.33% of their US portfolio.

Insider Transactions: Since August 12, 2016, the stock had 2 insider buys, and 0 sales for $62,159 net activity. Berg Jeffrey Alan had bought 5,620 shares worth $40,679 on Monday, November 14.

More important recent NTN Buzztime Inc (NYSEMKT:NTN) news were published by: Marketwatch.com which released: “NTN Buzztime Inc. NYSE MKT: NTN” on December 21, 2009, also Quotes.Wsj.com published article titled: “News NTN Buzztime Inc.NTN”, Prnewswire.com published: “NTN Buzztime, Inc. Reports Fourth-Quarter 2015 Results” on March 11, 2016. More interesting news about NTN Buzztime Inc (NYSEMKT:NTN) was released by: Prnewswire.com and their article: “NTN Buzztime Announces Registered Direct Offering of Common Stock” with publication date: November 01, 2016.

NTN Company Profile

NTN Buzztime, Inc., formerly Alroy Industries, incorporated on April 13, 1984, delivers entertainment and dining technology to bars and restaurants in North America. The Firm provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers. The Company’s clients offer guests trivia, card, sports and arcade games, nationwide competitions, and self-service dining features, including dynamic menus, touchscreen ordering and secure payment by licensing the Company’s customizable solution. The Company’s platform improves operating efficiencies and creates connections among the players and venues.

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