Brightstar Lottery (NYSE:BRSL) Reaches New 52-Week Low – Should You Sell?

Brightstar Lottery (NYSE:BRSL) shares hit a new 52-week low on Thursday . The company traded as low as $12.41 and last traded at $12.6050, with a volume of 85171 shares changing hands. The stock had previously closed at $12.81.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRSL. Weiss Ratings assumed coverage on shares of Brightstar Lottery in a research report on Tuesday, February 3rd. They issued a “hold (c-)” rating for the company. Stifel Nicolaus reduced their target price on shares of Brightstar Lottery from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Zacks Research lowered Brightstar Lottery from a “hold” rating to a “strong sell” rating in a report on Monday, March 30th. Finally, Truist Financial raised Brightstar Lottery from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Brightstar Lottery presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Brightstar Lottery Stock Down 0.0%

The company has a debt-to-equity ratio of 2.55, a current ratio of 0.76 and a quick ratio of 0.72. The business has a 50 day moving average price of $13.29. The firm has a market capitalization of $2.38 billion, a P/E ratio of 16.74 and a beta of 1.11.

Brightstar Lottery (NYSE:BRSL) last posted its earnings results on Sunday, February 15th. The company reported $0.36 EPS for the quarter. Brightstar Lottery had a net margin of 5.85% and a return on equity of 9.81%. The business had revenue of $668.00 million for the quarter.

Brightstar Lottery Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.92 dividend on an annualized basis and a yield of 7.2%. Brightstar Lottery’s payout ratio is 121.05%.

Institutional Trading of Brightstar Lottery

A number of hedge funds have recently bought and sold shares of BRSL. Nomura Asset Management Co. Ltd. purchased a new position in shares of Brightstar Lottery in the 4th quarter valued at $31,000. NewEdge Advisors LLC purchased a new stake in shares of Brightstar Lottery during the 4th quarter worth $32,000. Rockefeller Capital Management L.P. bought a new stake in Brightstar Lottery during the fourth quarter valued at about $52,000. Empowered Funds LLC purchased a new position in Brightstar Lottery in the fourth quarter valued at about $57,000. Finally, Quadrant Capital Group LLC purchased a new position in Brightstar Lottery in the fourth quarter valued at about $60,000. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Brightstar Lottery Company Profile

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services.