Crane Co. as top contributor

AGEM Index rebounds 6.4% in July with 10 companies reporting stock price increases

2022-08-08
Reading time 1:24 min

The Association of Gaming Equipment Manufacturers (AGEM) announced Monday its Index rose by 51.54 points in July 2022 to 862.93, rebounding 6.4% from the previous month.

However, compared to one year ago, the index was down 62.39 points, or 6.7%. During the latest month, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions to the AGEM Index and two negative contributions.
 
The largest positive contributor to the monthly index was Crane Co., which reported a 13.76-point gain to the index as a result of a 13.0% increase in its stock price. Aristocrat Leisure Limited contributed an 11.60-point gain to the index due to a 2.7% increase in its stock price.

The largest negative contribution to the index was sourced to PlayAGS Inc., whose 8.1% decline in stock price equated to a 0.27-point loss for the AGEM Index.


 
All three major U.S. stock indices saw month-over-month increases in July 2022 after slipping across the board in the prior period. The NASDAQ rose by 12.3% from June, while the S&P 500 rose by 9.1%. Meanwhile, the Dow Jones Industrial Average grew 6.7% over the month.

Back in June, AGEM reported its index had fallen by 71.71 points to 811.39, an 8.1% decline from the previous month. The final results for the month were also down compared to June 2021 by 183.98 points, or 18.5%. 

AGEM represents manufacturers of electronic gaming devices, systems, lotteries and components for the gaming industry. The association produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange.

The association began compiling data for the index in January 2005 using a base of 100 points. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on an approximation of market capitalization. 

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR