Playtech (LON:PTEC) Trading 9.2% Higher – Time to Buy?

Playtech plc (LON:PTEC)’s stock price traded up 9.2% during trading on Tuesday . The company traded as high as GBX 308 and last traded at GBX 298. 2,091,662 shares were traded during mid-day trading, an increase of 141% from the average session volume of 868,488 shares. The stock had previously closed at GBX 273.

Key Playtech News

Here are the key news stories impacting Playtech this week:

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Analyst Upgrades and Downgrades

Several analysts have commented on PTEC shares. Jefferies Financial Group downgraded shares of Playtech to a “hold” rating and decreased their target price for the stock from GBX 405 to GBX 240 in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Playtech from GBX 433 to GBX 390 and set a “buy” rating on the stock in a research report on Friday.

Playtech Stock Up 9.2%

The firm has a 50-day moving average price of GBX 275.71 and a two-hundred day moving average price of GBX 329.17. The company has a market capitalization of £841.76 million, a P/E ratio of 0.51, a PEG ratio of 1.28 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.55 and a debt-to-equity ratio of 40.06.

Playtech Company Profile

Playtech plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.