Brean Murray Reiterates Hold on Multimedia Games

Brean Murray Carret & Co. maintains its Hold rating on Multimedia Games, Inc. (NASDAQ: MGAM) as shares reflected 4Q improvements.

According to BMC & Co., “MGAM reported strong F4Q results due primarily to better than expected unit sales as gaming ops +10% YoY was in-line with our forecast. Although management has done a great job to steady the business, we believe gaming ops)~70% of revenue) will be difficult to grow over the long-term and the effort to drive significant profitability from more traditional until sales is still in too early of a stage to become more bullish given the current valuation.”

MGAM closed up 1.2 percent at $6.77 per share on Thursday.