Iao Kun Group Holding Co. (NASDAQ:IKGH) issued its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter. Iao Kun Group Holding had a positive return on equity of 0.72% and a negative net margin of 19.03%. The business earned $10.57 million during the quarter, compared to analysts’ expectations of $21.87 million.

Shares of Iao Kun Group Holding (NASDAQ:IKGH) opened at 0.4099 on Thursday. The stock’s market capitalization is $25.54 million. The stock has a 50 day moving average price of $0.55 and a 200 day moving average price of $1.03. Iao Kun Group Holding has a one year low of $0.34 and a one year high of $1.87.

Separately, Zacks Investment Research upgraded Iao Kun Group Holding from a “sell” rating to a “hold” rating in a report on Monday, July 11th.

Iao Kun Group Holding Company Profile

Iao Kun Group Holding Company Limited (IKGH) is a holding company that operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters. The Company conducts VIP gaming promotion business at approximately five VIP gaming rooms located in over five casinos in Macau and approximately two casinos in Australia through the Promotion Entities, which include the Promoter Companies, the Collaborator in Macau and Junket Operator in Australia.

5 Day Chart for NASDAQ:IKGH

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