Gamehost (TSE:GH) Shares Pass Below 200-Day Moving Average – Here’s Why

Gamehost Inc. (TSE:GH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.52 and traded as low as C$9.96. Gamehost shares last traded at C$10.05, with a volume of 10,786 shares trading hands.

Gamehost Price Performance

The firm has a market capitalization of C$212.86 million, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 17.43 and a beta of 1.46. The business has a 50 day moving average of C$10.58 and a 200 day moving average of C$10.51. The company has a debt-to-equity ratio of 47.11, a current ratio of 0.83 and a quick ratio of 0.54.

Gamehost Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a $0.05 dividend. This is a boost from Gamehost’s previous monthly dividend of $0.04. The ex-dividend date was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.97%. Gamehost’s dividend payout ratio is currently 49.48%.

About Gamehost

Gamehost Inc, together with its subsidiaries, operates hospitality and gaming properties in Alberta. It operates through Gaming, Hotel, and Food and Beverage segments. The company's gaming activities include the operation of company owned table games, electronic gaming tables, government owned slot machines, video lottery terminals, and lottery ticket kiosks, as well as the provision of food, beverage, and entertainment services.