AGEM releases August 2018 Index
Association of Gaming Equipment Manufacturers
The AGEM Index decreased in August 2018. The composite index finished the month at 565.39 points, a decline of 43.88 points or 7.76 percent, compared to July 2018. The AGEM Index reported a year-over-year increase for the 35th consecutive month and has climbed 89.85 points, or 20.81 percent, since August 2017.
During the latest period, seven of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Six manufacturers reported decreases in stock price during the month.
The major stock market indices saw gains during the month. The S&P 500 reported a month-to-month increase of 3.03 percent to 2,901.52. The Dow Jones Industrial Average grew 2.16 percent to 25,964.82, while the NASDAQ increased 5.71 percent during the period to 8,109.54.
Positive contributors to the August 2018 AGEM Index included the following:
PlayAGS Inc. (AGS) contributed 2.21 points due to a 12.22 percent increase in stock price to $32.04. Everi Holdings Inc. (EVRI) reported a 17.96 percent increase in stock price to $8.67, contributing 1.73 points.
Selected negative contributors included the following:
With its stock price falling 36.94 percent to $30.30, Scientific Games Corporation (SGMS) contributed negative 16.37 points; International Game Technology PLC (IGT) reported a 16.77 percent decrease in stock price to $21.04, contributing negative 11.51 points.
