Last $1.37 USD
Change Today +0.26 / 23.42%
Volume 413.3K
MGT On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

mgt capital investments inc (MGT) Snapshot

Open
$1.13
Previous Close
$1.11
Day High
$1.46
Day Low
$1.13
52 Week High
09/4/13 - $4.38
52 Week Low
07/28/14 - $0.62
Market Cap
13.3M
Average Volume 10 Days
168.2K
EPS TTM
$-0.94
Shares Outstanding
9.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MGT CAPITAL INVESTMENTS INC (MGT)

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mgt capital investments inc (MGT) Details

MGT Capital Investments, Inc., together with its subsidiaries, is engaged in acquiring, developing, and monetizing assets in the casino, online, and mobile gaming space. It operates through four segments: Medicsight Software/Devices, Medicsight Services, Gaming, and Intellectual Property. The company develops and publishes mobile games for tablets and smartphones; operates fanthrowdown.com, a daily fantasy sports Website that offers players to participate in real money daily fantasy gameplay for the NFL, MLB, NCAA, NHL, NBA, and professional golf; and develops and produces free to play mobile and social casino–style games. It also owns the United States patents related to casino gaming systems. The company has strategic alliance agreements with M2P Entertainment GmbH; M2P Americas, Inc.; and MGT Studios, Inc. to market and exploit M2P Entertainment GmbH’s gaming technology in North and South America. MGT Capital Investments, Inc. was founded in 1979 and is based in Harrison, New York.

15 Employees
Last Reported Date: 03/28/14
Founded in 1979

mgt capital investments inc (MGT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $428.0K
Chief Financial Officer, Treasurer, Secretary...
Total Annual Compensation: $413.0K
Compensation as of Fiscal Year 2013.

mgt capital investments inc (MGT) Key Developments

MGT Capital Investments, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

MGT Capital Investments, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's revenues were $320,000 compared to $67,000 a year ago. Operating loss was $1,527,000 compared to $3,097,000 a year ago. Net loss before income taxes and non-controlling interest was $1,525,000 compared to $6,670,000 a year ago. Net loss attributable to the company was $1,391,000 compared to $6,579,000 a year ago. Net loss applicable to common shareholders was $1,391,000 compared to $6,586,000 a year ago. Basic and diluted loss per share was $0.15 compared to $1.38 a year ago. Net cash used in operating activities was $1.0 million (exclusive of changes in player funds), as compared to $1.1 million in the comparable period of 2013. For the six months, the company's revenues were $405,000 compared to $153,000 a year ago. Operating loss was $2,832,000 compared to $4,235,000 a year ago. Net loss before income taxes and non-controlling interest was $2,827,000 compared to $5,662,000 a year ago. Net loss income attributable to the company was $2,513,000 compared to $5,518,000 a year ago. Net loss applicable to common shareholders was $2,513,000 compared to $5,586,000 a year ago. Basic and diluted loss per share was $0.28 compared to $1.02 a year ago.

MGT Capital Reviewing Strategic Alternatives

MGT Capital Investments, Inc. (AMEX:MGT) announced that it has begun to interview investment banking firms to aid it in reviewing strategic alternatives. This decision is based in part to help review certain unsolicited approaches in the past few months as well as to seek all alternatives to enhance stockholder value.

MGT Capital Investments, Inc. Announces Amendments to By-Laws

On June 19, 2014, the Board of Directors of MGT Capital Investments, Inc. voted to amend the Company's Amended and Restated By-Laws to memorialize certain procedures relating to gaming regulatory compliance matters, including the duty of Directors, Officers, and certain managers and stockholders to cooperate with requirements imposed by gaming regulatory authorities. These provisions are designed to ensure that the Company is able to successfully obtain and maintain a gaming license with the State of New Jersey and such other jurisdictions as the Company may determine from time to time.

 

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MGT

Industry Average

Valuation MGT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 19.2x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 14.3x
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