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In July 2021, the AGEM Index reported its first decline in eight months as it fell 70.06 points to 925.32 points. From a year-over-year perspective, however, the AGEM Index remained up 504.46 points (+119.9 percent).
In the last month, only three of the 13 AGEM Index companies reported increases in stock price. The main contributor to the index was Crane Co. (NYSE: CR), whose 5.3 percent increase in stock price led to a 6.29-point gain for the AGEM index. Transact Technologies (NASDQ: TACT) and Galaxy Gaming Inc. (OTCMKTS: GLXZ) also marked stock price increases of 21.3 percent and 23.3 percent, respectively. At the end of the period, Transact Technologies added 0.67 points to the overall index while Galaxy Gaming Inc. added 0.49 points.

The monthly decline in the index can be attributed to drops in stock price for most AGEM Index companies. The largest impacts to the index were driven by Scientific Games Corporation (NASDAQ: SGMS), which reported a 20.3 percent decrease in stock price that led to a 25.36-point index decline, and International Game Technologies PLC (NYSE: IGT), whose 21.7 percent decrease in stock price equated to a 17.60-point loss for the index.
In July, most companies in the AGEM Index experienced declines in their stock price from the prior month. However, 12 out of the 13 companies reported year-over-year gains on their stock values.

Unlike the stocks that contribute to the AGEM Index, the major indices posted positive percentage changes. The S&P 500, the Dow Jones Industrial Average and NASDAQ grew by 2.3, 1.3 and 1.2 percent, respectively.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.
About AGEM
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.