AGEM sees modest growth in stock performance report for August

Casino Review Association of Gaming Equipment Manufacturers agem
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The Association of Gaming Equipment Manufacturers (AGEM) Index, which records the stock performance of 13 leading global gaming suppliers, has announced a slight increase on mixed stock performance in August 2017.

 

The composite index stood at 431.66 points at the close of the month, which represents an increase of 7.74 points, or 1.82 percent, when compared to July 2017.

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The index also reported a year-over-year increase for the 23rd consecutive month and has climbed 145.26 points, or 50.7 percent, since August 2016.

During the latest period, eight of the 13 global gaming equipment manufacturers saw month-to-month increases in stock price, with three up by more than 10 percent.

The stock prices of Aristocrat Leisure Limited, International Game Technology and Ainsworth Game Technology increased by 4.65, 6.99 and 2.66 percent, respectively.

Five manufacturers, however, reported decreases in stock price during the month, with all posting single-digit declines.

With its stock price falling 4.99 percent to $35.20, Scientific Games Corporation contributed negative 2.13 points.

Additionally, Crane Company reported a 1.68 percent decrease in stock price to $74.23, contributing negative 1.01 points.


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