Galaxy Gaming (OTCMKTS:GLXZ) to Buyback $4.00 million in Shares

Galaxy Gaming (OTCMKTS:GLXZ) declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 22nd, RTT News reports. The company plans to repurchase $4.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Galaxy Gaming Price Performance

OTCMKTS GLXZ traded up $0.16 on Wednesday, hitting $1.66. The stock had a trading volume of 382,447 shares, compared to its average volume of 40,842. The business’s fifty day moving average price is $1.73 and its 200 day moving average price is $1.96. The stock has a market cap of $42.08 million, a price-to-earnings ratio of 8.74 and a beta of 0.42. Galaxy Gaming has a 52-week low of $1.42 and a 52-week high of $3.00.

Galaxy Gaming Company Profile

Galaxy Gaming, Inc is a gaming technology company headquartered in North Las Vegas, Nevada, that specializes in the development and licensing of proprietary table games for land-based casinos. Since its founding in 1985, the company has focused on creating innovative live-dealer variations of traditional casino games, securing patents for mechanics that enhance player engagement and offer new strategic elements. Its core business model centers on licensing these titles under revenue-share or royalty arrangements, providing casino operators with fresh content to drive table game revenue.

The company’s portfolio includes a wide range of blackjack, baccarat and poker variants—such as MatchPlay 21, Super 7 Blackjack, Prime 21, EZ Baccarat and EZ Pai Gow Poker—together with ancillary products like continuous shuffling machines and automated card-dealing devices.