GBA SHORT-MSGM
Motorsport Games downgraded to Market Perform from Outperform at Noble Capital 08:17 MSGM Noble Capital analyst Michael Kupinski downgraded Motorsport Games to Market Perform from Outperform after the the company highlighted additional risks related to its operations in Russia amid recent sanctions put on that country by Canada, the United Kingdom, the EU, and the U.S. The company has significant operations in Moscow with a large number of engineers for its games and management indicated that the prospect of a prolonged conflict in the Ukraine could lead to more extensive sanctions which could have a material adverse effect on its operations, noted Kupinski, who thinks Motorsport Games may need to seek added capital based on the situation.