The AGEM Index reported an increase of 4.5 percent, or 8.54 points, at 197.00 last month, compared to Jan. 2016 and also reported a year-on-year increase compared with Feb. 2015 for the fifth consecutive month, according to a AGEM release.
Eight out of 14 global gaming manufacturers saw a month-to-month increase in stock price.
The association said the positive results was as a result of high performance from Scientific Games Corporation (contributing 3.69 points), Konami Corp (1.47 points), Astro Corp. (1.16 points), whilst negative contributors included Daktronics, Inc (-0.43 points), INTRALOT S.A. (-0.13 points).
AGEM also highlighted certain companies who released their financial results for the period ending Dec. 31, 2015. Ainsworth Game Technology reported a 26.8 increase in revenue compared to the six months ending Dec. 31, 2014.
Scientific Games Corp also had further mention, noting the company reported revenues of $737 million, a 4.2 percent gain from the previous year.
Agilysys (AGYS) reported revenue of $31.3 million in the company’s fiscal third quarter of 2016, representing a 26.5-percent increase over the same period of the previous year.
“While selected gaming suppliers reported positive results in a number of areas, it will be important to monitor the balance of the sector to provide additional insight,” said the association.