ValuEngine upgraded shares of Gaming Partners International (NASDAQ:GPIC) from a hold rating to a buy rating in a research note issued to investors on Friday.

GPIC stock opened at $12.96 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.69 and a debt-to-equity ratio of 0.03. The firm has a market cap of $104.79 million, a price-to-earnings ratio of 24.00 and a beta of 0.13. Gaming Partners International has a 52-week low of $7.69 and a 52-week high of $13.44.

Gaming Partners International (NASDAQ:GPIC) last posted its earnings results on Thursday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $22.89 million during the quarter. Gaming Partners International had a return on equity of 7.05% and a net margin of 5.07%.

A number of hedge funds have recently bought and sold shares of GPIC. Shepherd Kaplan Krochuk LLC grew its stake in shares of Gaming Partners International by 80.3% in the third quarter. Shepherd Kaplan Krochuk LLC now owns 19,541 shares of the company’s stock valued at $182,000 after buying an additional 8,700 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Gaming Partners International in the fourth quarter valued at $65,000. Quantum Capital Management grew its stake in shares of Gaming Partners International by 24.7% in the third quarter. Quantum Capital Management now owns 62,774 shares of the company’s stock valued at $586,000 after buying an additional 12,424 shares in the last quarter. Finally, Kassirer Asset Management Corp acquired a new stake in shares of Gaming Partners International in the fourth quarter valued at $765,000. 13.18% of the stock is owned by institutional investors.

Gaming Partners International Company Profile

Gaming Partners International Corporation, together with its subsidiaries, manufactures and supplies casino table game equipment in the Americas, the Asia-Pacific, Europe, and Africa. It offers American-style casino currency, such as injection-molded currency, thermo-compression molded currency, laser cut-thermo-compression currency, and sublimation currency; European-style casino currency, including plaques and jetons; radio frequency identification (RFID) currency, readers, and antennas for use in cages, gaming tables, and chip vaults; and RFID solutions to authenticate and track casino currency, as well as provides related hardware support and maintenance services.

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