Benzinga | Sep 17, 2020 03:00PM EDT

Why Allied Esports Stock Is Trading Higher Today

Allied Esports (NASDAQ:AESE) shares are trading higher after the company announced 1.7 million unique viewers for the VIE.gg CS:GO Legend Series tournament.

Allied Esports Entertainment is an esports entertainment company. The firm is organized into two segments namely Poker, gaming, and entertainment, provided through World Poker Tour, including televised gaming and entertainment, land-based poker tournaments, online and mobile poker applications, and E-sports, provided through Allied Esports, including multiplayer video game competitions. The company generates a majority of its revenue from the Gaming and Entertainment segment.

Allied Esports shares were up 3.82% at $1.50 at the time of publication on Thursday. The stock has a 52-week high of $6.28 and a 52-week low of 40 cents.