The Association of Gaming Equipment Manufacturers’ stock index declined in November from the previous month, though showed its second consecutive gain on a year-over-year basis.
A total of 12 out of 14 gaming stocks declined, with index heavyweights Scientific Games losing more than 16 percent and Ainsworth Game Technology down 24.5 percent.
Overall the index declined 1.5 percent from October and was up 4.7 percent compared with the same month a year earlier.
Gaming stocks underperformed the broader market during the month as the S&P 500 ended the month at 2,080.41, which represents a gain of 0.1 percent. The Dow Jones Industrial Average reported a gain of 0.3 percent, rising to 17,719.92. NASDAQ reported the greatest month-to-month increase of the three major indices, rising 1.1 percent to 5,108.67.
During the month, Agilysys (AGYS), a technology company that provides software and service to the hospitality industry, was added to the index.