Association of Gaming Equipment Manufacturers releases June Index

The AGEM Index fell to 192.28 in June 2015, which represents a decline of 4.70 points, or 2.4 percent, compared to the prior month. 

The latest performance represents the second consecutive month-to-month decline after the composite index fell 3.70 points in May 2015.

Despite falling in recent months, the AGEM Index witnessed its fourth consecutive year-over-year gain in June 2015, rising 6.94 points.

During the latest period, five of the 13 global gaming equipment manufacturers reported gains in stock price. However, most of these gains were relatively modest, with four up by less than three percent. The one standout was Daktronics, Inc. that pushed north 10 percent. Of the eight manufacturers that reported declines in stock price, one was down by 17 percent, while another fell 36 percent.

The broader stock markets reported similar trends in June 2015. The Dow Jones Industrial Average ended the month at 17,619.51, which represents a decline of 2.2 percent compared to 

May. In addition, the S&P 500 fell 2.1 percent to 2,063.11, while NASDAQ fell 1.6 percent to 4,986.87.

 

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