Stock Drops for

After analysts cited a stagnation on PartyPoker, shares for have dropped despite a re-launch of its poker platform in September.

Despite a September re-launch of PartyPoker, shares have been dropping. The company’s stocks dropped 3.4 percent in London after  broker Morgan Stanley announced that their PartyPoker website has shown no significant traffic growth.

According to industry data, the company lost market share over the past four months.

“The company does not have a steady base of high-quality income from any product or region,” said Morgan Stanley.

The online poker service was re-launched with new software in September and initially PartyPoker traffic improved, but that growth eventually slowed. The report did not mention PartyPoker’s launch in the U.S. in late November when New Jersey went live with online gambling.