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Hot Stock in Focus: International Game Technology (NYSE: IGT)

Ruby Warren

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On Thursday, Shares of International Game Technology (NYSE: IGT) declined -2.42% to $24.96. The stock recorded $24.57 as its minimum price and hit the max level of $25.64, during its most recent trading session. It traded total volume of 870,706 shares lower than the average volume of 2.16M shares.

International Game Technology PLC (IGT) on Monday stated a loss of $103.10M in its first quarter. On a per-share basis, the London-based company said it had a loss of 51 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 15 cents per share. The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The slot machine maker posted revenue of $1.21B in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.16B.

IGT has the market capitalization of $5.15B and its EPS growth ratio for the past five years was -44.50%. The return on assets ratio of the Company was -7.80% while its return on investment ratio stands at -1.50%. Price to sales ratio was 1.03 while 42.20% of the stock was owned by institutional investors.

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I am Ruby Warren and I give “IRN Post” an insight into the most recent news hitting the “Services” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.

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