Inspired Entertainment, Inc. (OTC Pink: INSEW) operates as a digital gaming and entertainment company. Shares of the entertainment app developer is increasing 7.27%, through afternoon trading on Friday, June 30, 2017. Over the past month, Inspired Entertainment, Inc. reported average daily volume of 9,083 shares. However, volume of 33,600 shares or dollar volume of $39,648, has already exchanged hands on Friday.
Shares of Inspired Entertainment, Inc. are gaining today, after the company announced it has been added to the Russell 2000, Russell 3000, and Russell Microcap Indices, as of Friday, June 30, 2017. Here is the full press release detailing of the benchmark addition:
Inspired Entertainment, Inc. Press Release:
NEW YORK, June 26, 2017 /PRNewswire/ — Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) announced today that it has been added to the list of public companies that comprise the Russell 2000® Index, the Russell 3000® Index, and the Russell Microcap® Index. Inspired’s inclusion became effective upon the close of trading on Friday, June 23, 2017, following Russell Investments’ annual reconstitution of their index lists. The Russell 2000® Index, a listing of the 1,001st through 3,000th largest U.S. public companies ranked by market capitalization, is a widely-used measure of the performance of the small-cap segment of the U.S. equity markets. The Russell 3000® Index, a listing of the 3,000 largest U.S. public companies ranked by market capitalization, is a widely-used measure of the performance of the overall U.S. equity markets. The Russell Microcap® Index, a listing of the smallest 1,000 companies in the Russell 2000® ranked by market capitalization, plus 1,000 smaller US-based listed stocks, is a widely-used measure of the performance of the smallest tradable securities listed on US stock exchanges.
“We are delighted to be included in this year’s Russell 2000, 3000, and Microcap Indexes,” said Lorne Weil, Executive Chairman. “We expect that being part of the Russell Indexes will serve to further elevate and broaden our company’s profile among those investors who utilize the Russell Indexes in making their investment decisions,” added Mr. Weil.
About Inspired Entertainment, Inc.
Inspired is a global games technology company, supplying Virtual Sports, Mobile Gaming and Server Based gaming systems with associated terminals and digital content to regulated lottery, betting and gaming operators around the world. Inspired currently operates more than 25,000 digital gaming terminals and supplies its Virtual Sports products in more than 35,000 venues and on over 100 websites in 30 countries. Inspired employs over 800 employees in the UK and elsewhere, developing and operating digital games and networks.
Additional information can be found at www.inseinc.com.
About FTSE Russell
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. More than $12.5 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit ftserussell.com.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on Inspired’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Inspired’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in Inspired’s most recent quarterly report on Form 10-Q and any subsequent current reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov.