NTN Buzztime (NTN) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of NTN Buzztime (NYSEAMERICAN:NTN) from a hold rating to a sell rating in a research report sent to investors on Saturday, March 10th.

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. “

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Shares of NYSEAMERICAN NTN traded up $1.22 on Friday, reaching $6.80. 326,900 shares of the company’s stock traded hands, compared to its average volume of 14,092. NTN Buzztime has a 12 month low of $3.01 and a 12 month high of $8.85.

NTN Buzztime (NYSEAMERICAN:NTN) last announced its quarterly earnings results on Tuesday, March 6th. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.11). The firm had revenue of $5.30 million for the quarter, compared to the consensus estimate of $5.50 million. NTN Buzztime had a negative net margin of 3.54% and a negative return on equity of 12.21%.

In other news, major shareholder Awm Investment Company, Inc. sold 4,253 shares of NTN Buzztime stock in a transaction on Monday, March 12th. The shares were sold at an average price of $6.91, for a total transaction of $29,388.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

A hedge fund recently raised its stake in NTN Buzztime stock. Vanguard Group Inc. raised its holdings in shares of NTN Buzztime Inc (NYSEAMERICAN:NTN) by 25.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,610 shares of the company’s stock after acquiring an additional 3,606 shares during the quarter. Vanguard Group Inc. owned approximately 0.70% of NTN Buzztime worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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About NTN Buzztime

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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