Playtech (LON:PTEC) Shares Cross Above 200 Day Moving Average of $290.29

Playtech PLC (LON:PTEC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $290.29 and traded as high as $309.20. Playtech shares last traded at $300.90, with a volume of 581,250 shares trading hands.

Several research firms have issued reports on PTEC. Morgan Stanley cut their price target on shares of Playtech from GBX 390 ($4.96) to GBX 250 ($3.18) and set an “underweight” rating on the stock in a report on Tuesday, May 19th. Jefferies Financial Group upped their target price on Playtech from GBX 240 ($3.05) to GBX 425 ($5.41) and gave the company a “buy” rating in a research report on Monday, June 15th. Peel Hunt reiterated a “hold” rating on shares of Playtech in a research note on Monday, June 1st. Deutsche Bank boosted their price target on Playtech from GBX 181 ($2.30) to GBX 204 ($2.60) and gave the stock a “hold” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. downgraded shares of Playtech to a “neutral” rating and cut their price objective for the company from GBX 548 ($6.97) to GBX 335 ($4.26) in a report on Monday, April 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 323.43 ($4.12).

The company has a current ratio of 1.34, a quick ratio of 1.18 and a debt-to-equity ratio of 83.99. The stock has a 50-day simple moving average of GBX 274.50 and a 200 day simple moving average of GBX 290.29. The company has a market cap of $900.98 million and a price-to-earnings ratio of 3.19.

In other news, insider Mor Weizer bought 19,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of GBX 278 ($3.54) per share, with a total value of £52,820 ($67,226.68).

About Playtech (LON:PTEC)

Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide. The company operates through Gaming B2B, Gaming B2C, and Financial segments. It operates an online trading platform to retail customers, which enable them to trade contracts for differences on various instruments, such as foreign exchange, commodities, equities, and indices; and provides B2B clearing and execution services for retail brokers and professional clients.

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