NTN Buzztime Inc (NTN) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of NTN Buzztime Inc (NYSEMKT:NTN) from a sell rating to a hold rating in a research note released on Saturday.

According to Zacks, “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. “

NTN Buzztime (NYSEMKT:NTN) opened at 7.099 on Friday. The stock has a 50 day moving average of $6.71 and a 200-day moving average of $7.16. The firm’s market capitalization is $13.05 million. NTN Buzztime has a 1-year low of $4.00 and a 1-year high of $17.00.

NTN Buzztime (NYSEMKT:NTN) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.46) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.04. The company earned $5.40 million during the quarter, compared to the consensus estimate of $5.65 million. On average, equities research analysts anticipate that NTN Buzztime will post ($1.72) earnings per share for the current year.

An institutional investor recently raised its position in NTN Buzztime stock. Renaissance Technologies LLC raised its stake in shares of NTN Buzztime Inc (NYSEMKT:NTN) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,800 shares of the company’s stock after buying an additional 22,000 shares during the period. Renaissance Technologies LLC owned about 0.91% of NTN Buzztime worth $124,000 at the end of the most recent quarter.

NTN Buzztime Company Profile

NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.

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