Today's Perilous Reversal Stock: Multimedia Games (MGAM)

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Trade-Ideas LLC identified Multimedia Games ( MGAM) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Multimedia Games as such a stock due to the following factors:

  • MGAM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.5 million.
  • MGAM has traded 52,596 shares today.
  • MGAM is down 3.1% today.
  • MGAM was up 9.2% yesterday.

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More details on MGAM:

Multimedia Games Holding Company, Inc., through its wholly owned subsidiary, Multimedia Games, Inc., develops and distributes gaming technology. The company creates and supplies comprehensive systems, content, and electronic gaming units for Native American and commercial casinos. MGAM has a PE ratio of 19.6. Currently there are 4 analysts that rate Multimedia Games a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Multimedia Games has been 295,500 shares per day over the past 30 days. Multimedia Games has a market cap of $715.9 million and is part of the services sector and leisure industry. The stock has a beta of 1.95 and a short float of 5.5% with 2.02 days to cover. Shares are down 16% year-to-date as of the close of trading on Friday.

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