Galaxy Gaming gains analyst backing

A month after its initial listing on the Over-the-Counter Bulletin Board, Las Vegas-based table game provider Galaxy Gaming has picked up an endorsement from Wall Street.

The Green Baron Report, a micro-cap investor research firm with more than 750,000 subscribers, said Galaxy Gaming, traded under the symbol GLXZ, was its new stock pick.

"(Galaxy) is one we strongly suggest members accumulate as close to our profile price as possible for the long term,” Green Baron told investors. “It is very possible Galaxy could rally to over $2 per share by year end, but we really think members should consider putting this one away.  Galaxy is managed by who we believe are the best in the business, and they are focused intently on building shareholder value."

The report obviously pleased Galaxy Chief Executive Officer Robert Saucier.

“This report has already had its affect on our trading volume and share price which are both up as of this writing,” Saucier said Thursday in an email to shareholders and interested observers.

On Thursday, shares of Galaxy closed at 50 cents, up 5 cents.